Oregon Statutes 516.133 – Prohibited activities; conflicts of interest
(1) No member of the staff of the State Department of Geology and Mineral Industries shall hold a direct pecuniary interest in or accept compensation from an industry regulated by the department.
Terms Used In Oregon Statutes 516.133
- Department: means the State Department of Geology and Mineral Industries established pursuant to ORS § 516. See Oregon Statutes 516.010
- Geology: means the study of the earth, and in particular the study of the origin, history and topographic form of rocks, ores and minerals, either under the ground or upon the surface, and their alteration by surface agencies, such as wind, water, ice and other agencies, and the economics of their use. See Oregon Statutes 516.010
- Mineral: includes any and all mineral products, metallic and nonmetallic, solid, liquid or gaseous, and mineral waters of all kinds. See Oregon Statutes 516.010
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(2) No member of the staff of the department shall:
(a) Hold a direct pecuniary interest in or accept compensation from any producing or prospective mineral operation of any kind of any entity that does business in this state.
(b) Act as agent or broker for any purchaser, owner, or an agent of a purchaser or owner, of any mineral interest.
(c) Accept a commission for any service rendered during the period of employment with the department, if such service is concerned with mining, geology or any mineral industry that does business in this state.
(d) Make any investigation or report of any individual property in this state for purposes of evaluation, except as provided in ORS § 516.100.
(3) For purposes of this section:
(a) ‘Direct pecuniary interest’ means a mining claim, stock, royalty interest, partnership, joint venture or other interest over which the employee may control acquisition or disposal of the interest.
(b) ‘Direct pecuniary interest’ does not mean an interest in a mutual fund, retirement fund or other interest described in subsection (1) or (2) of this section over which the employee may not control acquisition or disposal.
(4) The provisions of this section are in addition to and not in lieu of the provisions of ORS Chapter 244. [1993 c.260 § 11]