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P8241
MEMBERS Conflict of Interest/Nepotism Conflict of Interest Each board member, the superintendent, and chief purchasing officer shall disclose the following information by May 1 if any such transactions occurred during the previous calendar year: a. For such person, and all persons within the first degree of consanguinity of such person, the date and the identities of the parties to each transaction with a total value in excess of $500 that such person had with the board, other than compensation received as an employee or payment of any tax, fee or penalty due to the board, and other than transfers for no consideration to the board. b. The date and identities of the parties to each transaction known to the person with a total value in excess of $500 that any business entity in which such person had a substantial interest, had with the board, other than payment of any tax, fee or penalty due to the board or transactions involving payment for providing utility service to the board, and other than transfers for no consideration to the board. The superintendent and chief purchasing officer will also disclose by May I for the previous calendar year the following information: 1. The name and address of each employer for whom income of $1,000 or more was received. 2. The name and address of each sole proprietorship that the individual owned; the name, address, and general nature of the business conducted of each general partnership or joint venture in which he or she was a partner or participant; the name and address of each partner or coparticipant for each partnership or joint venture unless such names and addresses are filed by the partnership or joint venture with the secretary of state; the name, address, and general nature of the business conducted of any closely held corporation or limited partnership in which the individual owned 10% or more of any class of the outstanding stock or limited partnership units; and the name of any publicly traded corporation or limited partnership that is listed on a regulated stock exchange or automated quotation system in which the person owned two percent or more of any class of outstanding stock, limited partnership units, or other equity interests. 3. The name and address of each corporation for which the individual served in the capacity of director, officer, or receiver. The financial disclosure reports shall be filed annually with the board and the Missouri Ethics Commission. The administrative assistant to the board shall maintain such reports available for public inspection and copying during normal business hours. Board members shall disclose by May 1 membership on non-profit boards and shall abstain from all votes on contracts between the board and such non-profit corporations that require the expenditure of board funds. Such information shall be filed in the Board office and shall be available for public inspection. This provision shall not apply to membership on the board of trustees of the Public School Retirement System of the City of St. Louis.
Revised: February 10, 1998
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