Section 3-10-4 - Financial interests of municipal officers and employees.
3-10-4. Financial interests of municipal officers and employees.
A. No elected municipal officer during the term for which elected and no municipal employee during the period of such employment shall acquire a financial interest in any new or existing business venture or business property of any kind when such officer or employee believes or has reason to believe that the new financial interest will be directly affected by his official act.
B. No elected municipal officer and no municipal employee shall use confidential information acquired by virtue of his municipal office or municipal employment for his or another's private gain.
C. The district attorney of the judicial district in which the municipality is located shall investigate and prosecute when appropriate any complaint brought to his attention involving a violation of this section. Violation of the provisions of this section by any municipal officer or municipal employee is grounds for removal or suspension of the officer and dismissal, demotion or suspension of the employee.