No public officer or employee shall perform or participate in any official act or action with regard to any transaction in which such public officer or employee has, or knows he or she will thereafter acquire, a financial interest; provided, however, that any financial interest permitted or prohibited under applicable state laws and regulations, as they may be amended from time to time, shall be permitted or prohibited under the same circumstances and conditions and to the same extent as therein set forth. Nothing contained herein shall prevent the City Council from establishing guidelines or other provisions regulating outside employment with a business or entity other than the city, as part of the City of Oakbrook Terrace Personnel Policy and Procedures Manual, or as part of any collective bargaining agreement or contract of employment.
(Ord. 01-48, passed 2-12-02)