§ 3-23-7 Circumstances under which local board members and others with authority to contract derive direct benefit from contract.

SD Codified L § 3-23-7 (2019) (N/A)

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3-23-7. Circumstances under which local board members and others with authority to contract derive direct benefit from contract. A person described in § 3-23-6 derives a direct benefit from a contract if the person, the person's spouse, or any other person with whom the person lives and commingles assets:

(1) Is a party to or intended beneficiary of any contract held by the local service agency, school district, or cooperative education service unit;

(2) Has more than a five percent ownership interest in an entity that is a party to any contract held by the local service agency, school district, or cooperative education service unit;

(3) Acquires property under the contract; or

(4) Will receive compensation, commission, promotion, or other monetary benefit directly attributable to any contract with the local service agency, school district, or cooperative education service unit.Source: SL 2016, ch 33, § 7; SL 2017, ch 31, § 11.

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§ 3-23-6 Local service agencies, school districts, and cooperative education service units--Board members and others with authority to contract prohibited under certain circumstances from having interest in or deriving direct benefit from contract .

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§ 3-23-7.1 Circumstances under which local board members and others with authority to contract have interest in contract.