Kentucky Statutes 522.040 – Misuse of confidential information
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(1) A public servant is guilty of misuse of confidential information when, in contemplation of official action by himself or by a governmental unit with which he is associated, or in reliance on information to which he has access in his official capacity and which has not been made public, he:
(a) Accepts or agrees to accept a pecuniary interest in any property, transaction or enterprise which may be affected by such information or official action; or
For details, see § 532.060
(b) Speculates or wagers on the basis of such information or official action; or
(c) Aids another to do any of the foregoing.
(2) Misuse of confidential information is a Class D felony.
Effective: January 1, 1975
History: Created 1974 Ky. Acts ch. 406, sec. 189, effective January 1, 1975.
(a) Accepts or agrees to accept a pecuniary interest in any property, transaction or enterprise which may be affected by such information or official action; or
Attorney's Note
Under the Kentucky Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class D felony | between 1 and 5 years | between $1,000 and $10,000 |
Terms Used In Kentucky Statutes 522.040
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Public servant: means :
(a) Any public officer or employee of the state or of any political subdivision thereof or of any governmental instrumentality within the state. See Kentucky Statutes 522.010
(b) Speculates or wagers on the basis of such information or official action; or
(c) Aids another to do any of the foregoing.
(2) Misuse of confidential information is a Class D felony.
Effective: January 1, 1975
History: Created 1974 Ky. Acts ch. 406, sec. 189, effective January 1, 1975.