(1) Each employee of the Department of Transportation who performs functions concerning economic regulation of motor carriers shall file with the department a statement regarding holdings of the employee and the holdings of the employees spouse and minor children of any pecuniary interest in any business or activity subject to the departments economic regulation of motor carriers. Supplementary statements shall be filed as such pecuniary interests are acquired or divested. The statements shall be in such form as the department prescribes. If the department determines that an employee or spouse or minor child of the employee holds any such pecuniary interest that may interfere with the impartial discharge of the employees duties, the department shall order divestiture of the interest. (2) The department shall determine by rule what constitutes a function concerning economic regulation of motor carriers for purposes of this section. (3) Nothing in subsections (1) and (2) of this section is intended to authorize any act otherwise prohibited by law.
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