The following definitions shall be applicable in this Chapter:
ANYTHING OF VALUE. Any money or property, favor, service, payment, advance, forbearance, loan, or promise of future employment, but does not include compensation or expense reimbursement paid by the village, honorariums, fees and expenses under the standards and reporting requirements set forth in Wis. Stats. § 19.56, campaign contributions as regulated by law, or hospitality extended for a purpose unrelated to village business by a person or firm, corporation, partnership, or joint venture.
BUSINESS. Any corporation, partnership, proprietorship, firm, enterprise, franchise, association, organization, self-employed individual or any other legal entity which engages in profit-making activities.
FINANCIAL INTEREST. Any interest which shall yield, directly or indirectly, a monetary or other material benefit to the officer or employee or to any person employing or retaining the services of the officer or employee.
PERSONAL INTEREST. Any interest arising from blood or marriage relationships or from close business or political associations, whether or not any financial interest is involved.
PUBLIC EMPLOYEE. Any person excluded from the definition of a public official who is employed by the village.
PUBLIC OFFICIAL. Those persons serving in statutory elected or appointed offices provided for in Wis. Stats. Chapter 61, and all members appointed to boards, committees and commissions established or appointed by the Village President and/or Village Board pursuant to this code of ordinances, whether paid or unpaid.
SIGNIFICANT INTEREST. Owning or controlling, directly or indirectly, at least 10% or $5,000 of the outstanding stock of at least 10% or $5,000 of any business.
(Ord. 46-10, passed 2-4-10)