The superintendent shall observe rules of conduct established in law which specify that a school employee shall not:
1. Disclose or use confidential information acquired in the course of employment to further substantially personal financial interests.
2. Accept a gift of substantial value or substantial economic benefit tantamount to a gift of substantial value which would tend to improperly influence a reasonable person in the position or which the superintendent knows or should know is primarily for the purpose of a reward for action taken in which discretionary authority was exercised.
3. Engage in a substantial financial transaction for private business purposes with a person whom the superintendent supervises.
4. Perform any action in which the superintendent has discretionary authority which directly and substantially confers an economic benefit on a business or other undertaking in which there is substantial financial interest or in which the superintendent is engaged as counsel, consultant, representative or agent.
The phrase "economic benefit tantamount to a gift of substantial value" includes a loan at a rate of interest substantially lower than the prevailing commercial rate and compensation received for private services rendered at a rate substantially exceeding the fair market value.
It is permissible for the superintendent to receive:
1. An occasional nonpecuniary gift which is insignificant in value.
2. A nonpecuniary award publicly presented by a nonprofit organization in recognition of public service.
3. Payment or reimbursement for actual and necessary expenditures for travel and subsistence for attendance at a convention or other meeting at which the superintendent is scheduled to participate.
4. Reimbursement for or acceptance of an opportunity to participate in a social function or meeting which is not extraordinary when viewed in light of the position.
5. Items of perishable or nonpermanent value including but not limited to meals, lodging, travel expenses or tickets to sporting, recreational, educational or cultural events.
6. Payment for speeches, appearances or publications reported as honorariums.
It shall not be considered a breach of conduct for the superintendent to:
1. Use school facilities and equipment to communicate or correspond with constituents, family members or business associates on an occasional basis.
2. Accept or receive a benefit as an indirect consequence of transacting school district business.
A superintendent may request an advisory opinion from the secretary of state concerning issues relating to conduct that is proscribed by state law.
Adoption date: Unknown
Revised: September 2008
LEGAL REFS.:††† C.R.S. 18-8-308 (disclosure of pecuniary conflicts of interest)
††††††††††††††††††††††††††††† C.R.S. 22-32-110 (1)(k) (power to adopt conduct rules)
††††††††††††††††††††††††††††† C.R.S. 24-18-104 (government employee rules of conduct)
††††††††††††††††††††††††††††† C.R.S. 24-18-109 (local government employee rules of conduct)
††††††††††††††††††††††††††††† C.R.S. 24-18-111 (secretary of state advisory opinions)