§ 9-5. Transactional disclosure and recusal.

A. 

Whenever a town officer or employee is requested or required to take any action on a matter before the Town and, to his or her knowledge, either the performance or nonperformance of that action would provide a pecuniary or material benefit to himself or herself or to any related person different from that which would be derived from the action by reason of its general application to a broad class of persons deriving such benefit, the Town officer or employee shall not participate in that matter unless the Town officer's or employee's recusal prohibits town action; then said town officer or employee shall participate after full disclosure. Additionally, the Town officer or employee, prior to any final action being taken, shall file promptly with his or her immediate superior, if any, and with the Town Clerk a signed statement disclosing the nature and extent of that interest.

B. 

For purposes of this section, "related person" means:

(1) 

A family member.

(2) 

Any corporation of which the Town officer or employee is an officer or director or of which he or she legally or beneficially owns or controls more than 5% of the outstanding stock.

(3) 

Any person with whom the Town officer or employee or his or her family member has an employment, business or financial relationship.

(4) 

Any person from whom the Town officer or employee or his or her spouse has received, within any twelve-month period during the previous 24 months, a pecuniary or material benefit having an aggregate value greater than $1,000.

C. 

Nothing in this section shall be construed to prohibit a town officer or employee from performing any ministerial act.