Utah Code 10-3-1304. Use of office for personal benefit prohibited
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(1) As used in this section, “economic benefit tantamount to a gift” includes:
Terms Used In Utah Code 10-3-1304
- Compensation: means anything of economic value, however designated, which is paid, loaned, granted, given, donated, or transferred to a person or business entity by anyone other than the governmental employer for or in consideration of personal services, materials, property, or any other thing whatsoever. See Utah Code 10-3-1303
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Municipal: means of or relating to a municipality. See Utah Code 10-1-104
- Municipal employee: means an individual who is employed on a full or part-time basis by a municipality or by a community reinvestment agency under Title 17C, Limited Purpose Local Government Entities - Community Reinvestment Agency Act. See Utah Code 10-3-1303
- Officer: means an appointed officer or an elected officer. See Utah Code 10-3-1303
- Person: means an individual, corporation, partnership, organization, association, trust, governmental agency, or any other legal entity. See Utah Code 10-1-104
(1)(a) a loan at an interest rate that is substantially lower than the commercial rate then currently prevalent for similar loans; or
(1)(b) compensation received for a private service rendered at a rate substantially exceeding the fair market value of the service.
(2) Except as provided in Subsection (4), it is an offense for an officer or municipal employee to:
(2)(a) disclose or improperly use private, controlled, or protected information acquired by reason of the officer’s or municipal employee‘s official position or in the course of official duties in order to further substantially the officer’s or municipal employee’s personal economic interest or to secure special privileges or exemptions for the officer or municipal employee or for others;
(2)(b) use or attempt to use the officer’s or municipal employee’s official position to:
(2)(b)(i) further substantially the officer’s or municipal employee’s personal economic interest; or
(2)(b)(ii) secure special privileges for the officer or municipal employee or for others; or
(2)(c) knowingly receive, accept, take, seek, or solicit, directly or indirectly, for the officer or municipal employee or for another, a gift of substantial value or a substantial economic benefit tantamount to a gift that:
(2)(c)(i) would tend improperly to influence a reasonable person in the person’s position to depart from the faithful and impartial discharge of the person’s public duties; or
(2)(c)(ii) the person knows or that a reasonable person in that position should know under the circumstances is primarily for the purpose of rewarding the person for official action taken.
(3) Subsection (2)(c) does not apply to:
(3)(a) an occasional nonpecuniary gift having a value of less than $50;
(3)(b) an award publicly presented in recognition of public services;
(3)(c) any bona fide loan made in the ordinary course of business; or
(3)(d) a political campaign contribution.
(4) This section does not apply to an officer or municipal employee who engages in conduct that constitutes a violation of this section to the extent that the officer or municipal employee is chargeable, for the same conduct, under Section 76-8-105 .