SDCL § 46A-9-85: Director or employee benefit from contract authorized.

The board may authorize a director, or an employee of the water user district whose responsibilities include approving, awarding, or administering a contract on behalf of the district, to be a party to a contract or derive a direct benefit from a contract with the district, if:

(1) The person provides a written disclosure of the person's interest to the board;

(2) The board reviews the terms of the contract and the person's obligations and benefits under the contract;

(3) The board determines that the contract is fair and reasonable to the district and not contrary to the public interest; and

(4) The board adopts a resolution of approval that is in written form and retained as a public record.

Source: SL 2023, ch 152, § 1.