00                             SENATE BILL NO. 127                                                                         
01 "An Act prohibiting a public officer from taking official action regarding a matter in                                  
02 which the public officer has a significant financial interest; and defining 'official action'                           
03 for purposes of the chapter generally referred to as the Executive Branch Ethics Act."                                  
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1.  AS 39.52.110(b) is amended to read:                                                                  
06            (b)  Unethical conduct is prohibited, but there is no substantial impropriety if,                            
07       as to a specific matter, a public officer has a                                                               
08                 (1)  [OFFICER'S] personal or financial interest in the matter and [IS                           
09       INSIGNIFICANT, OR OF A TYPE THAT IS POSSESSED GENERALLY BY THE                                                    
10       PUBLIC OR A LARGE CLASS OF PERSONS TO WHICH THE PUBLIC                                                            
11       OFFICER BELONGS; OR (2)] action taken or influence exercised by the public                                
12       officer would have insignificant or conjectural effect on the matter;                                     
13                 (2)  personal interest in a matter that is insignificant or is possessed                            
14       by the public or by a large class of persons to which the public officer belongs; or                          
01                 (3)  financial interest in the matter                                                               
02                      (A)  that is an interest held by the public officer or an                                      
03            immediate family member of the public officer;                                                           
04                      (B)  that includes an involvement or ownership of an                                           
05            interest in a business, including a property ownership or a professional or                              
06            private relationship, that is a source of income or from which, or as a                                  
07            result of which, a person has received or expects to receive a financial                                 
08            benefit; and                                                                                             
09                      (C)  the value of which is less than $5,000 or one percent of                                  
10            the total value of the business, whichever is less.                                                      
11    * Sec. 2.  AS 39.52.960(14) is amended to read:                                                                    
12                 (14)  "official action" means performance of any duties in the course                               
13       and scope of a public official's employment, including review, advice,                                        
14       participation, assistance, or another kind of involvement regarding a matter,                                 
15       such as a recommendation, decision, approval, disapproval, vote, or other similar                             
16       action, including inaction, by a public officer;