The
following words, terms and phrases, when used in this article, shall
have the meanings ascribed to them in this section, except where the
context clearly indicates a different meaning:
CLOSE RELATIVE
A person's parents, spouse, children (natural or step
or adopted), and siblings of the whole and half-blood.
COMPENSATION
Any money, thing of value, or any other economic benefit
of any kind or nature whatsoever conferred on or received by any person
in return for services rendered or to be rendered by the official
or employee, or by another.
EMPLOYEE
Includes all persons who receive compensation as an employee
of the Town or a Town department, and shall not include persons that
are elected or appointed to serve as Mayor, Town Councilmember or
a member of any Town committee, commission or board, whether paid
or unpaid.
FINANCIAL INTEREST
A person has financial interest in a private enterprise if:
(1)
He/she has a legal or equitable ownership interest in the enterprise
of more than 10% (1% or more in the case of a corporation, the stock
of which is regularly traded on an established securities market);
(2)
He/she is associated with the enterprise and received from the
enterprise during the last calendar year, or might reasonably be expected
to receive from the enterprise during the current or the next calendar
year, income in excess of $5,000 for services as an employee, officer,
director, trustee, or independent contractor; or
(3)
He/she is a creditor of a private enterprise in an amount equal
to 10% or more of the debt of that enterprise (1% or more in the case
of a corporation, the securities of which are regularly traded on
an established securities market).
MATTER
An application, petition, request, business dealing, contract,
subcontract, or any other transaction of any sort with the Town.
OFFICIAL
Any elected or appointed official of the Town and all members
of any committee, commission or board appointed by the Mayor of the
Town or appointed by the Town Council.
OFFICIAL RESPONSIBILITY
Any direct administrative or operating authority at any level,
either exercisable alone or with others, either personally or through
subordinates, to approve, disapprove, recommend or otherwise direct
action on behalf of the Town.
PERSONAL OR PRIVATE INTEREST
An interest in a matter which tends to impair the independent
judgment of an official or employee in the performance of his/her
duties with respect to that matter.
PRIVATE ENTERPRISE
Any activity conducted by any person, whether conducted for
profit or not for profit, and includes the ownership of real or personal
property. The term "private enterprise" does not include any activity
of the Town, of any political subdivision, or of any agency, authority,
or instrumentality thereof.