§ 40.
147 words·~1 min read·
/vt/40-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 40. Conflict of interest
No elective or appointive officer or employee of the Town shall be beneficially interested directly or indirectly in any contract with the Town, regardless of amount, or furnish any material, or perform any labor, except in the discharge of his or her official duties, unless such contract shall have been awarded upon bids advertised for by publication. Such publication shall be at least two times in a newspaper having general circulation in the Town; the second publication shall be at least seven days prior to the opening of such bids.
No officer or employee of the Town shall take part in any decision concerning the business of the Town in which he or she has a direct or indirect financial interest, aside from his or her salary as an officer or employee, greater than any other citizen or taxpayer in the Town.