1.
Prohibition. No elected official may vote on any question on which he or she has a substantial financial interest. Any Denali Borough officer, employee, or Assembly member who has a substantial financial interest in any contract with the Denali Borough, or in the sale of land, material, supplies or services to the Denali Borough or to a contractor supplying the Denali Borough shall make known that interest and shall refrain from participating in his or her capacity as a Denali Borough officer, employee or Assembly member in the making of such sale or in the making or performance of such contract.
2.
Punishment. Any Denali Borough officer, employee or Assembly member who violates the requirements of this section shall forfeit his or her office or employment. Violation of this section with the knowledge express or implied of the person contracting with or making a sale to the Denali Borough shall render the contract or sale to the Denali Borough voidable by the administrator or the Assembly.
3.
Additional rules. The Assembly by ordinance may prescribe additional rules and penalties to prevent conflicts of interest.