A state authority, board, or commission member does not derive a direct benefit from or have an interest in a contract: (1) Based solely on the value associated with the member's publicly-traded investments or holdings, or the investments or holdings of any other person with whom the member lives or commingles assets; (2) By participating in a vote or a decision in which the member's only interest arises from an act of general application; (3) If the member is a state employee and is authorized to enter into the contract pursuant to §§ 5-18A-17 through 5-18A-17.6 , inclusive; (4) If the contract is for the sale of goods, or for maintenance or repair services, in the regular course of business at or below a price offered to all customers; (5) If the contract is subject to a public bidding process; or (6) If the contract is for the deposit of public funds in a financial institution as otherwise authorized by law.
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