§ 11-8. Investments in conflict with official duties.

A. 

No municipal officer or employee may acquire the following investments:

(1) 

Investments that can be reasonably expected to require more than sporadic recusal and abstention under § 11-6 of this chapter; or

(2) 

Investments that would otherwise impair the person's independence of judgment in the exercise or performance of his official powers and duties.

B. 

This section does not prohibit a municipal officer or employee from acquiring any other investments or the following assets:

(1) 

Real property located within the municipality and used as his personal residence;

(2) 

Less than 5% of the stock of a publicly traded corporation; or

(3) 

Bonds or notes issued by the municipality and acquired more than one year after the date on which the bonds or notes were originally issued.