W. Va. Code R. § 158-8-4 - Public Contract and Business Association
4.1. The prohibition of W. Va. Code §
6B-2-5(d) against
being a party to or having an interest in the profits or benefits of a contract
applies only to public contracts involving a governmental body or
agency.
4.2. Public officials or
public employees or members of their immediate family are considered to be
"associated" with a business if they or their immediate family member are a
director, officer or holder of stock which constitutes five percent or more of
the total outstanding stocks of any class.
Notes
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