§ 11.1. Personal financial interest.

Any city official or employee who has a substantial financial interest, direct or indirect or by reason of ownership of stock in any corporation, in any contract with the city or in the sale of any land, material, supplies, renting or leasing of property or services to the city or to a contractor supplying the city shall be forbidden from making direct or indirect transactions with the city, such as contracts. Any city official or employee, acting in his official capacity, is forbidden from having his local or state agency do business with a firm in which he has a material interest. The city shall make no transactions with a firm in which a city official or employee's spouse or child has a material interest. Nor shall an official or employee acting in a private capacity transact business with their agency. Any city official or employee who willfully conceals such a substantial financial interest or willfully violates the requirements of this section shall be guilty of malfeasance in office or position and shall forfeit his office or position. Violation of this section with the knowledge, express or implied, of the person or corporation contracting with or making a sale to the city shall render the contract or sale voidable by the mayor or the city council.

(Res. of 7-10-1979, § 1; Ord. No. 81-4, § 2, 12-13-1980)

State law reference

Public officer doing business with his agency prohibited, F.S. § 112.313(3).