(A) Elected official or employee may not acquire the following investments:
(1) Investments that can be reasonably expected to require frequent recusal and abstention under § 36.06 of this code; or
(2) Investments that would otherwise impair the person’s independence of judgment in the exercise or performance of his or her official powers and duties.
(B) This section does not prohibit an elected official or employee from acquiring any other investments or the following assets:
(1) Real property located within the city;
(2) Less than 10% of the stock of a publicly traded corporation; or
(3) Bonds or notes issued by the city and acquired more than one year after the date on which the bonds or notes were originally issued.
(Ord. 2016-7, passed 5-16-16)