A public official has a personal financial interest in a decision if it is reasonably foreseeable that the decision will have a material financial effect on the employee, a member of his or her immediate family, or on any one of the five kinds of economic interests.
- A conflicting economic interest exists if “the decision will have a material financial effect, distinguishable from its effect on the public generally, on the [CSU employee or] a member of his or her immediate family.
- If a decision will result in the increase or decrease of “personal expenses, income, assets, or liabilities of the [CSU employee] or his or her immediate family,” a conflicting personal economic interest exists.
- A decision to appoint or promote a CSU employee’s spouse would constitute a conflicting economic interest.
Five Economic Interests
If it is reasonably foreseeable that any of the following will be materially affected by the decision, a conflict may exist:
- Any business entity in which the employee has a direct or indirect investment worth $2,000 or more, including ownership of stock by the employee or the employee’s spouse or dependent child.
- Any real property in which the employee has a direct or indirect interest worth $2,000 or more. One’s home is not included but any other investment property is.
- Any source of income which provides $500 or more in value promised to, or received by, the employee within 12 months prior to the time when the decision is made.
- Any business entity in which the employee is a director, officer, partner, trustee, employee, or holds any position of management.
- Any donor of, or any intermediary or agent for a donor of, a gift or gifts totaling $390 or more in value provided to, received by, or promised to the employee within 12 months prior to the time when the decision is made. Gifts of meals, travel or anything else of value are included in the $390. (This amount is tied to a consumer price index and is occasionally adjusted.)