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II. LOUISVILLE CODE OF ETHICS (LCOE) vs. COLORADO STATUTES - <br />WHICH CONTROLS? <br />LCOE 5-6(e) provides that to the extent matters addressed in the <br />Ethics are also addressed in state or federal law, it is the int <br />that the more restrictive provisions shall control. As a result <br />both the LCOE and C.R.S. address a particular issue, both may ne <br />to determine which is more restrictive. In other instances, if <br />addressed by the LCOE, but is addressed in C.R.S., then the prov <br />apply. Likewise, if the LCOE addresses conduct that is not addr <br />LCOE applies. <br />III.LOUISVILLE CODE OF ETHICS (LCOE) <br />A.DEFINITIONS (LCOE Section 5-7) <br />1.“Interest” means a pecuniary, property, or commercial benefit, <br />other benefit the primary significance of which is economic gain <br />avoidance of economic loss, but does not include: <br /> Matters in which a similar benefit is conferred on all persons <br />C <br />property similarly situated nor does it include ownership or con <br />shares of stock; or <br /> Beneficial interest in shares of stock the aggregate amount of <br />C <br />constitutes 1% or less of the shares of the entity then outstand <br />2. “Interest of the following persons and entities shall be deem <br />constitute an interest of the officer, public body member or emp <br />for purposes of Sections 5-9 and 5-10:” <br /> Relatives <br />C <br /> Business in which the official/employee is an officer, director <br />C <br />employee, partner, principal, member, or owner (other than <br />stockholder) <br /> Business in which the official/employee controls more than 1% o <br />C <br />outstanding shares. <br /> “Any business entity in which the officer (official/employee?) <br />C <br />officer, director, employee, partner, principal member or owner <br />than stockholder) where the business entity is seeking to advanc <br />financial benefit through an official action of the City, if the <br />would be directly or indirectly involved in making the decision. <br />(emphasis added) <br />Page 2 of 24 <br />