§ 38-2. Definitions.

As used in this chapter, the following terms shall have the meanings indicated:

INTEREST

A direct or indirect financial or material benefit, but does not include any benefit arising from the provision or receipt of any services generally available to the residents or taxpayers of the Town or an area of the Town, or a lawful class of such residents or taxpayers. A Town officer or employee is deemed to have an interest in any private organization when he or she, his or her spouse, registered domestic partner or dependent, is an owner, partner, member, director, officer, employee, or directly or indirectly owns or controls more than 5% of the organization's equity or debt, whether in the form of outstanding stock or otherwise.

RELATIVE

A person's spouse, child, stepchild, parent, stepparent, grandparent, grandchild, sibling or stepsibling, niece, nephew, aunt, uncle or first cousin.

Amended 7-2-2019 by L.L. No. 52-2019, effective 7-18-2019