§ 112-1-F. Financial Transaction.

"Financial transaction" means a transaction or activity that is conducted or undertaken for profit and arises from the joint ownership or the ownership or part ownership in common of any real or personal property or any commercial or business enterprise of whatever form or nature between the following:

(1)

A legislative agent, his or her employer, or a member of the immediate family of the legislative agent or his or her employer; and

(2)

Any member of the council, appointee of the council, the city manager, the director of a department created under the Charter or Administrative Code of the City, or any member of the staff of a public officer or employee listed in this chapter.

"Financial transaction" does not include any transaction or activity described in this section if it is available to the general public on the same terms, or if it is an offer or sale of securities to any person listed in this chapter that is governed by regulation D, 17 C.F.R. 2301.501 to 2301.508, adopted under the authority of the "Securities Act of 1933," 48 Stat. 74, 15 U.S.C.A. and following, or that is governed by a comparable provision under state law.

(Ordained by Ord. No. 151-1997, eff. June 20, 1997)