Florida Statutes 334.193 – Unlawful for certain persons to be financially interested in purchases, sales, and certain contracts; penalties
Current as of: 2024 | Check for updates
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(1) It is unlawful for a state officer, or an employee or agent of the department, or for any company, corporation, or firm in which a state officer, or an employee or agent of the department has a financial interest, to bid on, enter into, or be personally interested in:
For details, see Fla. Stat. § 775.082(4)(a)
(a) The purchase or the furnishing of any materials or supplies to be used in the work of the state.
Attorney's Note
Under the Florida Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| misdemeanor of the first degree | up to 1 year | up to $1,000 |
Terms Used In Florida Statutes 334.193
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 1.01
(b) A contract for the construction of any state road, the sale of any property, or the performance of any other work for which the department is responsible.