MARVIN MANDEL, Governor                             869

Except as permitted by Section 3 hereof, it shall be unlawful for
any officer, employee, or agent of any department, board, commission,
authority, or other public agency of the State of Maryland to par-
ticipate personally and substantially as a State officer, employee, or
agent through decision, approval, disapproval, recommendation, the
rendering of advice, investigation, or otherwise, in a judicial or other
proceeding, application, request for a ruling or other determination,
contract, claim, controversy, charge, accusation, arrest, or other par-
ticular matter in which, to his knowledge, he, his spouse, parent,
minor child, brother, or sister has a financial interest or to which
any firm, corporation, association, or other organization in which he
has a financial interest or in which he is serving as officer, director,
trustee, partner, or employee, or any person or organization with
whom he is negotiating or has any arrangement concerning prospec-
tive employment, is a party.

2.

[It shall be unlawful for any member, agent or employee of any
department, board, commission, authority or other public agency of
the State of Maryland to have any indirect financial interest in any
transaction in which such agency is or may be in any way concerned,
in which he knows, or may reasonably be expected to know, that he
has such indirect interest, unless he shall make prompt written dis-
closure of such interest to the agency of which he is a member and
to the Board of Public Works.]

As used in this Article, the term "financial interest" shall mean
(a) ownership of any interest or involvement in any relationship
from or as a result of which the owner has, within the past three
years, received or is presently or in the future entitled to receive
more than $1,000 per year, or (b) ownership of more than 3% of the
invested capital or capital stock of any firm, corporation, association,
or other organization, or (c) ownership of securities or obligations
of any type which are or may become equivalent to or convertible into
ownership of more than 3% of the invested capital or capital stock
of any firm, corporation, association, or organization.

3.

[Every member, agent or employee of any department, board,
commission, authority or other public agency of the State of Mary-
land who knows, or may reasonably be expected to know, that he
has any financial interest of any kind, either direct or indirect, in
any transaction in which the agency of which he is a member is or
may be in any way concerned, shall disqualify himself from voting
or acting thereon on behalf of such agency, unless his doing so shall
previously be approved by the Board of Public Works as being re-
quired in the public interest because of his special knowledge or
experience in the subject matter of the transaction. If, through dis-
qualifications in accordance with this section, less than a quorum
of any agency is capable of participating in a transaction, the re-
maining member or members shall