(5 ILCS 420/3A-35)
Sec. 3A-35. Conflicts of interests.
(a) In addition to the provisions of subsection (a) of Section 50-13 of the
Illinois Procurement Code, it is unlawful for an
appointed member of a board, commission, authority, or task force authorized
or created by State law or by executive order of the Governor, the spouse of
the appointee, or an immediate family
member of the appointee living in the appointee's residence to have or acquire
a contract or have or acquire a direct pecuniary interest in a contract with
the State that relates to the board, commission, authority, or task force of
which he or she is an appointee during and for one year after the conclusion
of the person's term of office.
(b) If (i) a person subject to subsection (a) is entitled to receive more
than 7
1/2% of the total distributable income of a partnership, association,
corporation, or other business entity or (ii) a person subject to subsection
(a) together with his or her
spouse and immediate family members living in that person's residence are
entitled to receive more than 15%, in the aggregate, of the total distributable
income of a partnership, association, corporation, or other business entity
then it is unlawful for
that partnership, association, corporation, or other business entity to have or
acquire a contract or a
direct pecuniary interest in a contract prohibited by subsection (a) during
and for one year after the conclusion of the person's term of office.
(Source: P.A. 93-615, eff. 11-19-03.) |