00                             SENATE BILL NO. 19                                                                          
01 "An Act relating to a public officer's taking official action regarding a matter in which                               
02 the public officer has a financial interest; and defining 'official action' under the Alaska                            
03 Executive Branch Ethics Act and related law."                                                                           
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's [(1)] personal or financial interest in the                           
08       matter                                                                                                            
09                 (1)  is insignificant [,] or of a type that is possessed generally by the                           
10       public or a large class of persons to which the public officer belongs, and [; OR                             
11                 (2)]  action taken or influence exercised by the public officer would                           
12       have insignificant or conjectural effect on the matter; or                                                    
13                 (2)  is in regard to a business and the public officer                                              
14                      (A)  does not own a controlling interest in the business;                                      
01                      (B)  does not own stock or options to buy stock that, when                                     
02            combined,                                                                                                
03                           (i)  equal more than one percent of the stock in the                                      
04                 business; or                                                                                        
05                           (ii)  have a total value of more than $5,000;                                             
06                      (C)  owns or has an option to buy an equity interest in the                                    
07            business the value of which is not more than $5,000 or one percent of the                                
08            total value of the business, whichever is less;                                                          
09                      (D)  is not a member of the board of directors or another                                      
10            governing body of the business;                                                                          
11                      (E)  is not an elected officer of the business;                                                
12                      (F)  does not provide or have an option to provide personal                                    
13            or professional services to the business;                                                                
14                      (G)  does not have a contract or have an option for a                                          
15            contract with the business; and                                                                          
16                      (H)  is not an employee of the business.                                                       
17    * Sec. 2. AS 39.52.960(14) is amended to read:                                                                   
18                 (14)  "official action" means performance of any duties in the course                               
19       and scope of a public official's employment, including review, advice,                                        
20       participation, assistance, or another kind of involvement regarding a matter,                                 
21       such as a recommendation, decision, approval, disapproval, vote, or other similar                             
22       action, including inaction, by a public officer;