07 LC
14 9680
Senate
Bill 280
By:
Senators Moody of the 56th, Staton of the 18th, Chance of the 16th and Shafer of
the 48th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 50-25-7.7 of the Official Code of Georgia Annotated, relating
to ethical standards for the executive director and employees of the Georgia
Technology Authority, so as to provide for the construction and interpretation
of the Code section; to provide for related matters; to provide an effective
date; to repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 50-25-7.7 of the Official Code of Georgia Annotated, relating to ethical
standards for the executive director and employees of the Georgia Technology
Authority, is amended by revising subsection (a) as follows:
"(a)
Neither the executive director nor any employee of the authority shall be
financially interested or have any personal beneficial interest either directly
or indirectly in the purchase of or contract for any materials, equipment, or
supplies, nor in any such firm, corporation, partnership, or association
furnishing any such supplies, materials, or equipment to agencies or the
authority. Except as provided in subsection (b) of this Code section, it shall
be unlawful for the executive director or any of his or her assistants or any
employee of the authority to accept or receive, directly or indirectly, from any
person, firm, or corporation to whom any contract may be awarded any money or
anything of more than nominal value or any promise, obligation, or contract for
future reward or compensation.
In no case
shall this Code section be interpreted in a manner inconsistent with the
requirements imposed by Article 2 of Chapter 10 of Title
45."
SECTION
2.
This
Act shall become effective upon its approval by the Governor or upon its
becoming law without such approval.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.