1120 -CONFLICT OF INTEREST
Each Board member has the obligation to consider any private, personal, or business interest that may significantly affect the Board member's action on a matter before the Board. When conflicts of interest occur, each Board member has the obligation to declare that conflict and abstain from participating or voting in the issue.
1120.1 Acting as an agent for those furnishing supplies to schools.
No Board member may have any pecuniary interest in supplying goods to the school system or act as an agent for one who supplies goods.
1120.2 Misuse of confidential information.
A Board member shall not use confidential knowledge of pending Board action to gain any pecuniary benefit from the action or aid another to do so.
1120.3 Contracting for personal benefit.
A Board member shall not in an official capacity make any contract for his or her own benefit, or be in any way concerned or interested in making such a contract or in the profits thereof. A Board member shall not have an interest in any transaction involving public funds that involves any firm, corporation, partnership, person or association that has had a financial association with the Board member during the preceding two years.
1120.4 Board member financial interest in school supplies.
The Board shall not buy school supplies in which any Board member has a pecuniary interest, regardless of whether the interested Board member abstains from voting in the matter.
Legal Reference: G.S.14-234, -237;
Legal Reference: G.S.115C-48
Adopted Effective: July 2, 1992
Revised Effective: July 1, 1999
