HARRY HUGHES, Governor

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thereof is or will be a party, or (b) is one in which the
State or an agency thereof has a direct and substantial
proprietary interest.

10.   "REGULATORY AGENCY" MEANS ANY UNIT OF A PRINCIPAL
DEPARTMENT OR SEPARATE AGENCY OF THE EXECUTIVE BRANCH OF THE
STATE GOVERNMENT WHICH SETS STANDARDS FOR, LICENSES, ISSUES
PERMITS WITH RESPECT THERETO, OR OTHERWISE EXERCISES
REGULATORY CONTROL OVER THE CONDUCT, ACTIVITIES, OR
EMPLOYMENT OF ANY PERSON OR ENTITY.

11.   "GIFT MEANS ANYTHING OF ECONOMIC VALUE, WHETHER
IN THE FORM OF MONEY, SERVICE, LOAN, GRATUITY, ECONOMIC
OPPORTUNITY, TRAVEL, ENTERTAINMENT, HOSPITALITY, OR PROMISE.

Article III.

Standards of Ethical Conduct for

State Officers and Employees

It shall be considered unethical for any State officer
or employee:

[1. To accept, seek, solicit, or take directly or
indirectly, any gift or benefit of more than insignificant
economic value, including money, any service, gratuity, fee,
property, loan, promise, or anything else of more than
insignificant economic value from or on behalf of any
individual or entity who is doing or is seeking to do
business of any kind with the State or whose activities are
regulated or controlled in any way by the State, and the
officer or employee has knowledge of such facts, under
circumstances from which the officer or employee could
reasonably have inferred that the gift or benefit was
intended to influence such officer or employee in the
performance of his official duties and under circumstances
from which it is reasonable to assume that the officer or
employee would be influenced in the performance of his
official duties.]

1. (A) TO SOLICIT ANY GIFT FROM ANY INDIVIDUAL OR
ENTITY.

(B)   TO ACCEPT OR RECEIVE ANY GIFT, DIRECTLY OR
INDIRECTLY, IF A STATE OFFICER OR EMPLOYEE IS A MEMBER OR
EMPLOYEE OF A REGULATORY AGENCY, FROM ANY PERSON OR ENTITY
WHICH THE OFFICER OR EMPLOYEE KNOWS OR HAS REASON TO KNOW IS
REGULATED BY HIS AGENCY.

(C)   TO ACCEPT OR RECEIVE ANY GIFT, DIRECTLY OR
INDIRECTLY, FROM ANY PERSON OR ENTITY WHICH A STATE OFFICER
OR EMPLOYEE KNOWS OR HAS REASON TO KNOW HAS ENTERED INTO OR
HAS UNDER NEGOTIATION A CONTRACT WITH HIS AGENCY.