30-108 - Prohibited conduct concerning personal interest in a transaction. - Virginia Statutes

§ 30-108. Prohibited conduct concerning personal interest in a transaction.

A legislator who has a personal interest in a transaction shall disqualifyhimself from participating in the transaction.

Unless otherwise prohibited by the rules of his house, the disqualificationrequirement of this section shall not prevent any legislator fromparticipating in discussions and debates, provided (i) he verbally disclosesthe fact of his personal interest in the transaction at the outset of thediscussion or debate or as soon as practicable thereafter and (ii) he doesnot vote on the transaction in which he has a personal interest.

(1987, Sp. Sess., c. 1, § 2.1-639.38; 2001, c. 844.)