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Rep. Mike Danahay <br /> August 21, 2017 <br /> Page -2- <br /> be a salaried or wage-earning employee; (2) the employee's salary must remain substantially <br /> unaffected by the contractual relationship; (3)the public servant must own less than a"controlling <br /> interest"in the company; and(4)the public servant must be neither an officer, director,trustee,nor <br /> partner in the company. Since you meet the factors set forth in the exception, your continued <br /> employment is not prohibited. <br /> However,the Board concluded, and instructed me to inform you,that La. R.S. 42:1112B(3)would <br /> prohibit you from participating in any matters involving the City of Sulphur and LCOS while you are <br /> employed with LCOS. La. R.S. 42:1112B(3) states that no public servant shall participate in a <br /> transaction involving the governmental entity in which,to his actual knowledge,any person of which <br /> he is an officer,director,trustee,partner,or employee has a substantial economic interest. La.R.S. <br /> 42:1120 provides that if any elected official,in the discharge of a duty or responsibility of his office <br /> or position,would be required to vote on a matter which vote would be a violation of R.S. 42:1112, <br /> he shall recuse himself from participating in discussion and debate concerning the matter,provided <br /> that he makes the disclosure of his conflict or potential conflict a part of the record of his agency prior <br /> to his participation in the discussion or debate and prior to the vote that is the subject of discussion <br /> or debate. <br /> In addition,the Board concluded, and instructed me to inform you,that you will be required to file <br /> annual financial disclosure statements by the 15TH day of May with the Louisiana Board of Ethics <br /> pursuant to La. R.S. 42:1114 disclosing the income you receive from LCOS while LCOS has a <br /> contractual,financial,or business relationship with your agency. La.R.S.42:1114 provides that each <br /> public servant and each member of his immediate family who derives anything of economic value, <br /> directly,through any transaction involving the agency of such public servant or who derives any thing <br /> of economic value of which he may be reasonably expected to know through a person which (1) is <br /> regulated by the agency of such public servant, or (2) has bid on or entered into or is in any way <br /> financially interested in any contract, subcontract, or any transaction under the supervision or <br /> jurisdiction of the agency of such public servant shall disclose certain information as set for in Section <br /> 1114. <br /> Page 2 of 3 <br />