2-156-110 Interest in city business.
Except with respect to the participation of Eligible Persons in Eligible Programs, no elected official or employee shall have a financial interest in his own name or in the name of any other person in any contract, work or business of the city, or in the sale of any article, whenever the expense, price or consideration of the contract, work, business or sale is paid with funds belonging to or administered by the city, or is authorized by ordinance. Compensation for property taken pursuant to the city's eminent domain power shall not constitute a financial interest within the meaning of this section. Unless sold pursuant to a process of competitive bidding following public notice, no elected official or employee shall have a financial interest in the purchase of any property that (i) belongs to the city, or (ii) is sold for taxes or assessments, or (iii) is sold by virtue of legal process at the suit of the city. Except with respect to the participation of Eligible Persons in Eligible Programs, no appointed official shall engage in a transaction described in this section unless the matter is wholly unrelated to the official's city duties and responsibilities. As used in this section, the terms "Eligible Persons" and "Eligible Programs" have the meanings provided in Section 2-44-100 and shall be determined by the department of housing.
(Prior code § 26.2-11; Added Coun. J. 5-16-90, p. 16204; Amend Coun. J. 4-26-06, p. 75201, § 11)
2-44-110 Participation by eligible persons in eligible programs.
(a) With respect to each Eligible Program (as defined in paragraph (b) below), Eligible Persons (as defined in paragraph (b) below) shall not be subject to the restrictions of Section 2-156-110, but only as that section pertains to the participation of said Eligible Persons under such Eligible Program.
(b) As used in this section:
(i) "Eligible Programs" shall mean (1) programs administered by the department of housing or the department of planning and development (or by delegate agencies or other entities with funds provided, in whole or in part, by the department of housing) which provide various forms of economic assistance (including, but not limited to, land write-downs and financial assistance in the form of grants, loans, fee waivers and tax credits) directly to individuals who are tenants in residential buildings in the City or are owner- occupants of one-to four-unit residential buildings in the City (including individuals who are owner-occupants of condominium units in buildings having more than four units); and (2) rental subsidy assistance for very low- income households (as "very low-income" may be defined by United States Department of Housing and Urban Development), provided by the department of housing through The Chicago Low-Income Housing Trust Fund, an Illinois not-for-profit corporation, or through another entity selected by the commissioner of housing, and which is paid directly to owners of residential buildings in the City.
(ii) With respect to each Eligible Program, "Eligible Persons" shall mean employees and appointed officials of the City (other than those persons described in the next succeeding sentence) who meet the eligibility requirements to participate under such Eligible Program. With respect to each Eligible Program, the following employees and appointed officials of the City shall not constitute "Eligible Persons" for such Eligible Program: any employee or appointed official who, during his/her tenure of employment or appointment, respectively, by the City (1) exercises or has exercised any contract management authority with respect to such Eligible Program, (2) is or was in a position to participate in a decision-making process with respect to such Eligible Program, or with respect to a specific project entered into pursuant to such Eligible Program, or (3) gains or has gained confidential information with regard to such Eligible Program.
(iii) If an employee or appointed official of the City qualifies as an "Eligible Person" pursuant to (ii) above, the following shall also qualify as "Eligible Persons": (1) such employee's or official's spouse or domestic partner, and (2) any entity in which such employee or official has a "financial interest" (as defined in Section 2-156-010).
(c) The commissioner of housing is authorized to promulgate rules and regulations and prepare forms to effectuate the purposes of this section.
(Added Coun. J. 4-26-06, p. 75210, § 12)
Editor's note - Coun. J. 4-26-06, p. 75210, § 12, added the immediately preceding section as § 2-44-100; however, because a prior existing section had already been assigned that numbering, the preceding section has been renumbered as § 2-44-110 at the discretion of the editor.