A. The city council shall have the authority to and shall adopt a conflict of interest code pursuant to the Political Reform Act of 1974 (Government Code Sections 81000, et seq.).
B. The conflict of interest code adopted by the city council shall (1) require employees of the city who participate in the city's decision-making process to disclose financial interests which may foreseeably influence their participation in the decision-making and (2) prohibit employees who have such financial interests from participating in the decision-making process.
C. Said code shall provide that employees violating any provisions of the code will be subject to the administrative, criminal, and civil sanctions provided in the Political Reform Act of 1974 and to the criminal sanctions contained herein for the violation of the Signal Hill Municipal Code.
(Ord. 86-04-974 § 1 (part), 1986)