Any member of the Village Board who has a financial interest
in any proposed legislation before the Village Board shall disclose
in the records of the Village Board the nature and extent of such
interest prior to or during the initial discussion on said legislation.
Any other local public official or employee who has a financial interest
in any proposed legislative action of the Village Board and who participates
in the discussion with or gives an official opinion or recommendation
to the Village Board shall disclose in the records of the Village
Board the nature and extent of such interest.
Violation of this chapter shall be subject to a forfeiture of
not less than $100 nor more than $1,000.