§ 601. Definitions.

For purposes of this chapter, the following words and phrases shall have the meanings given herein.

Appointing Authority means the office with authority to appoint an individual to a position. For purposes of this chapter, the City Council shall act as the appointing authority for the City Auditor and individual City Councilors, and the City Auditor shall act as the appointing authority for the Mayor.

City Official means every City of Tulsa elected official, officer or employee; member of a City of Tulsa Board, Authority, Commission or Committee; or Trustee appointed by the City to a public trust with the City of Tulsa as a beneficiary.

Financial interest in an official action exists when the action may result directly or indirectly in a financial gain or loss accruing to the City official and/or his immediate family to a greater extent than could reasonably be expected to accrue to the general public. Financial interest in a company, business, organization or other entity exists when the City official and/or their immediate family owns, individually or combined, a five percent (5%) or more share of the company, business or other entity and the value of such share exceeds Five Thousand Dollars ($5,000.00).

Immediate family means the City official's spouse, children, parents or spouse's parents and any other family members within two degrees of affinity or consanguinity.

Organizational interest in a company, business, organization or other entity exists when the City official is a director or a member of a board which establishes policy and/or budgetary decisions for the entity.

Personal interest means a direct or indirect interest, matter or relationship not shared by the general public which could be reasonably expected to impair the City official's objectivity or independence of judgment.