§ 1-10 Prohibited Business or Financial Relationships Between a Superior and a Subordinate.
RCNY § 1-10
(a)For purposes of Section 2604(b)(14) of the Charter, the term "business or financial relationship" between a superior and subordinate includes but is not limited to: (1) outstanding loans collectively amounting to $25.00 or more; (2) a purchase or sale of any property valued at $25.00 or more; (3) the leasing of any property; (4) cohabitation; (5) participation in a lottery pool; (6) participation in a savings club; (7) shared ownership of real property or any other property worth more than $100.00; (8) shared ownership of financial instruments; (9) shared ownership interest in a firm other than a publicly traded company; (10) shared ownership interest in a cooperative apartment building with fewer than six units; (11) employer-employee, consultant, contractor, attorney-client, agent-principal, brokerage, or other similar relationships; (12) establishing a trust or serving as a trustee of a trust in which one of them or a person associated with one of them has a beneficial interest; and (13) payment of each other's recurring expenses such as rent or payments for a vehicle.
(b)Expenses for activities related to public servants' City jobs which are shared between public servants, including superiors and subordinates, such as expenses related to a carpool or a coffee club, will not be deemed a "business or financial relationship" within the meaning of Section 2604(b)(14) of the Charter if: (1) the benefit is shared by the participants; and (2) each public servant bears a fair proportion of the expense or effort involved for the activity. (Added City Record 12/21/2018, eff. 1/20/2019) Editor's note: Former section renumbered as 53 RCNY § 4-02.
