2019-561 - Laserfiche WebLink

La. R.S. 42:1112B(3) prohibits a public servant from participating in a governmental transaction in which any person of which he is an officer, director, trustee, partner, or employee has a substantial economic interest. La. R.S. 42:1114A Other than a legislator, each public servant and each member of his immediate family who derives any thing of economic value, directly, through any transaction involving the agency of such public servant or who derives any thing of economic value of which he may be reasonably expected to know through a person which (1) is regulated by the agency of such public servant, or (2) has bid on or entered into or is in any way financially interested in any contract, subcontract, or any transaction under the supervision or jurisdiction of the agency of such public servant shall disclose the following: (1) The amount of income or value of any thing of economic value derived; (2) The nature of the business activity; (3)Name and address, and relationship to the public servant, if applicable; and (4) The name and business address of the legal entity, if applicable. CONCLUSION The Board concluded, and instructed me to inform you, that no provision within the Code of Governmental Ethics would prohibit you from continuing your employment with Community Bank of Louisiana if you are elected to serve on the Desoto Parish Police Jury since the Desoto Parish Police Jury is a local depositing authority and La. R.S. 39:1233.1 creates an exception for such scenarios. However, you would be required to file a disclosure (Form 405 on the Board's website) every year by May 15th in accordance with La. R.S. 42:1114A disclosing income received from Community Bank of Louisiana in the prior calendar year. Additionally, you would be required to recuse yourself from participating in matters before the Desoto Parish Police Jury in which Community Bank of Louisiana has a substantial economic interest. Each time you recuse yourself from participating in the matter, you are required to file a disclosure (Form 402 on the Board's website) within 15 days. This advisory opinion is based solely on the facts as set forth herein. Changes to the facts presented may result in a different application of the provisions of the Code of Ethics. The Board issues no opinion as to past conduct or laws other than Code of Governmental Ethics. If you have any questions, please contact me at (225) 219-5600 or(800) 842-6630. Sincerely, LOUISIANA BOARD OF ETHICS tAA _ A C 1 Je nifer T. L. d Fo the Boar.