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A. Section 1-16-9 of this chapter does not prohibit a town officer or town employee from:

1. Accepting or receiving a benefit as an indirect consequence of the performance of an official act.

2. Taking official action when the town officer or employee is similarly situated with other town residents, or generally acting when the matter involves the common public interest.

3. Accepting gifts or loans that are:

a. An occasional nonpecuniary gift, insignificant in value;

b. A gift publicly presented to all members of the body of which a town officer is a member;

c. A nonpecuniary award publicly presented by a nonprofit organization in recognition of public service;

d. Payment of or reimbursement for actual and necessary expenditures for travel and subsistence for attendance at a convention or other meeting at which the officer or employee is scheduled to participate as a speaker or other contributor in his or her official capacity if the paying or reimbursing party has no current or anticipated business with the town. Any honorarium or other monetary compensation received by the officer or employee in connection with the convention or meeting shall be turned over to the town;

e. Reimbursement for or acceptance of an opportunity to participate in a social function or meeting that is not extraordinary when viewed in light of the position held by the officer or employee;

f. Items of perishable or nonpermanent value, including, but not limited to, meals and tickets to sporting, recreational, educational, or cultural events, unless prohibited by the body of which the town official is a member, or by an employee's departmental rules;

g. Payment for speeches, debates, or other public events, reported as honorariums to the town manager; or

h. A loan at a rate of interest that is not substantially lower than the commercial rate then currently prevalent for similar loans within the town.

4. Receiving compensation for his or her services to the town as may be fixed by ordinance, pay plan, budget, or other similar official town action.

5. Personally contracting with a town contractor for the performance of work so long as the contract will not interfere with or delay the contractor's performance of any contract with the town, and the contractor is paid by the officer or employee at substantially the generally prevailing market rate for the services within the town. Before entering into the contract the officer or employee shall notify the town manager in writing.

B. Section 1-16-9 of this chapter does not prohibit a town council member from accepting a campaign contribution reported as required by law, or any gift reported as required by subsection 1-16-4B of this chapter. (Ord. 24, Series 2014)