00                       CS FOR SENATE BILL NO. 19(JUD)                                                                    
01 "An Act relating to a public officer's taking official action regarding, or influencing, a                              
02 matter in which the public officer has a personal or financial interest; and defining                                   
03 'official action' under the Alaska 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 AS 39.52.110(b) is repealed and reenacted to read:                                                    
06            (b)  Notwithstanding (a) of this section, a public officer's action or influence                             
07       with respect to the officer's personal or financial interest in a specific matter is not a                        
08       violation of public trust or a violation of this chapter                                                          
09                 (1)  if the public officer's action or influence in the matter would have                               
10       only an insignificant or conjectural effect on the matter; or                                                     
11                 (2)  if the public officer's                                                                            
12                      (A)  personal or financial interest is of a type that is possessed                                 
13            generally by the public or a large class of persons to which the public officer                              
14            belongs;                                                                                                     
01                      (B)  personal interest is insignificant; or                                                        
02                      (C)  financial interest is solely in regard to a business and                                      
03            neither the public officer nor a member of the public officer's immediate                                    
04            family                                                                                                       
05                           (i)  owns a controlling interest in the business and the                                      
06                 controlling interest has a fair market value of $5,000 or more;                                         
07                           (ii)  owns stock or options to buy stock that, when                                           
08                 combined, equal more than one percent of the stock in the business or                                   
09                 have a total fair market value of more than $5,000;                                                     
10                           (iii)  owns or has an option to buy an equity interest in                                     
11                 the business the fair market value of which is more than $5,000 or one                                  
12                 percent of the total fair market value of the business, whichever is less;                              
13                           (iv)  is a member of the board of directors or another                                        
14                 governing body of the business;                                                                         
15                           (v)  is an officer of the business;                                                           
16                           (vi)  provides or has an option to provide personal or                                        
17                 professional services to the business;                                                                  
18                           (vii)  has a contract or an option for a contract with the                                    
19                 business; or                                                                                            
20                           (viii)  is an employee of the business.                                                       
21    * Sec. 2. AS 39.52.960(14) is amended to read:                                                                   
22                 (14)  "official action" means performance of any duties in the course                               
23       and scope of a public official's employment, including review, advice,                                        
24       participation, assistance, or another kind of involvement regarding a matter,                                 
25       such as a recommendation, decision, approval, disapproval, vote, or other similar                             
26       action, including inaction, by a public officer;