12.1-13-03. Public servant's interest in public contracts

12.1-13-03. Public servant's interest in public contracts 1. Every public servant authorized to sell or lease any property, or to make any contract in his official capacity, alone or in conjunction with other public servants, who voluntarily becomes interested individually in the sale, lease, or contract, directly or indirectly, is guilty of a class A misdemeanor. 2. Subsection 1 shall not apply to: a. Contracts of purchase or employment between a political subdivision and an officer of that subdivision, if the contracts are first unanimously approved by the other members at a meeting of the governing body of the political subdivision, and a unanimous finding is entered in the official minutes of that body that the contract is necessary because the services or property contracted for are not otherwise obtainable at equal cost. b. Sales, leases, or contracts entered into between school boards and school board members or school officers.