Conflict of interest law is in line for an update following a legislative committee’s approval of new bill.
Primary adjustments to the conflict of interest law found in HB 1170 include:
- Establishment of a $5,000 financial threshold for conflict of interest disclosures;
- Required authorization from the governing board before a member can enter into a contract, which if extending over consecutive fiscal years would require annual disclosure;
- Notice of who must disclose a potential conflict, including a board member, business manager, chief financial officer, superintendent, chief executive officer or other person with the authority to enter into a contract or spend money;
- Development of a conflict of interest disclosure form by the state’s Attorney general;
- Permitting the official minutes of a board in which disclosure is made and approved to be the official document submitted to the state’s Attorney General.
ASBSD Executive Director Wade Pogany noted HB 1170 was a “good cleanup bill to the law” and would help districts better sort out issues that arose from last year’s implementation of the law.