Current through Register Vol. XLI, No. 50, December 13, 2024
Section 158-4-3 - Guidelines and Standards3.1. The Authority shall consider it contrary to the public interest for a person or business entity to provide, and they are disqualified from providing, specified services to the Authority in regard to the issuance of bonds or other securities, if after notice and an opportunity for a hearing the Authority finds that they, or any person associated with them: 3.1.1. Gave or promised to give to a designated public servant, or a member of his or her immediate family, any special rate or terms, not available to the general public, of more than $25 value;3.1.2. Gave or promised to give any political contribution in excess of the allowable limits as set forth in W. Va. Code § 3-8-1, et seq., to a designated public servant or to a political campaign committee of a designated public servant;3.1.3. Gave or promised to give a gift of more than twenty-five dollars ($25.00) value to a designated public servant or a member of his or her immediate family;3.1.4. Made any form of an employment offer to a designated public servant or member of his or her immediate family as an inducement to receive favorable consideration in a contract for specified services; or3.1.5. Currently has, or has offered to make in the future, a substantial financial investment in any business transaction in which a significant financial interest is held by a designated public servant, or a member of his or her immediate family.3.2. It is considered contrary to the public interest for a person or business entity to provide, and they are disqualified from providing, specified services to the Authority in regard to the issuance of bonds or other securities, if after notice and an opportunity for a hearing the Authority finds that it is likely that a designated public servant will obtain compensation beyond his or her official salary, if that person or business entity is selected to provide specified services to the Authority regarding the issuance of bonds or other securities.3.3. The provisions contained in subsections 3.1 and 3.2 of this rule shall apply only to actions taken by a person or business entity, or persons associated with them, from: 3.3.1. the date the Authority announces a need for specified services in connection with the issuance of bonds or other securities through the date the bonds are issued; or3.3.2. the date they have knowledge the Authority will have a need for specified services in connection with the issuance of bonds or other securities through the date the bonds are issued.