Per Board Policy, if a local public official has a substantial interest in a business entity or in real property, the official shall file, before a vote or decision on any matter involving the business entity or the real property, an affidavit stating the nature and extent of the interest and shall abstain from further participation in the matter if:
The affidavit must be filed with the official recordkeeper of the district.
A person has a substantial interest in a business entity if:
"Business entity" means a sole proprietorship, partnership, firm, corporation, holding company, joint-stock company, receivership, trust, or any other entity recognized by law.
A person has a substantial interest in real property if the interest is an equitable or legal ownership with a fair market value of $2,500 or more.
Additional information can be found in the SRISD Board Policy Manual – BBFA – Ethics: Conflict of Interest Disclosures.