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In this chapter, unless the context requires otherwise,

Benefit” means anything that is to a person’s advantage or self interest, or from which a person profits, regardless of the financial gain, including any dividend, pension, salary, acquisition, agreement to purchase, transfer of money, deposit, loan or loan guarantee, promise to pay, grant, contract, lease, money, goods, service, privilege, exemption, patronage, advantage, advancement, or anything of value;

Businessincludes a corporation, company, firm, partnership, sole proprietorship, trust or foundation, or any other individual or entity carrying on a business, whether operated for profit or nonprofit;

Childincludes a biological child, an adoptive child, and a stepchild;

Compensation” means any money, thing of value, or economic benefit conferred on or received by a person in return for services rendered or to be rendered by the person for another;

Employee” means a permanent, probationary, seasonal, temporary, or casual employee, whether appointed, executive/administrative/professional, or classified, and does not include the borough mayor, borough clerk, deputy borough clerk or assemblymembers;

Financial interest” means:

1. An interest held by the borough mayor or an employee, or an immediate family member, which includes an involvement or ownership of an interest in a business, including a property ownership, or a professional or private relationship, that is a source of income, or from which, or as a result of which, a person has received or expects to receive a financial benefit;

2. Holding a position in a business, such as an officer, director, trustee, partner, employee, or the like, or holding a position of management;

Gainincludes actual or anticipated gain, benefit, profit, or compensation;

Immediate family member” means:

1. Spouse;

2. A regular member of the person’s household;

3. Child (step, biological or adoptive);

4. Parent (step, biological or adoptive), sibling or grandparent; and

5. Father-in-law or mother-in-law;

Official action” means a recommendation, decision, approval, disapproval, or other similar action, including inaction;

Organizationincludes a group, association, society, political party, or other entity made up of two or more persons, whether operated for profit or nonprofit;

Parentincludes a biological parent, an adoptive parent, and a stepparent;

Personincludes a natural person, a business, and an organization;

Personal interest” means an interest held or involvement by the borough mayor or employee, or their immediate family member or parent, including membership, in any organization, whether social, nonprofit, for profit, charitable, or political, from which, or as a result of which, a person or organization receives a benefit;

Source of income” means an entity for which service is performed for compensation or which is otherwise the origin of payment; if the person whose income is being reported is employed by another, the employer is the source of income; if the person is self-employed by means of a sole proprietorship, partnership, professional corporation, or a corporation in which the person, the person’s spouse or child, or a combination of them, holds a controlling interest in, the “source” is the client or customer of the proprietorship, partnership, or corporation; if the entity which is the origin of payment is not the same as the client or customer for whom the service is performed, both are considered the source;

Substantial financial interest” means an interest that will result in immediate financial gain or financial gain which will occur in the reasonably foreseeable future. (Ord. 2019-09 § 2, 2019; Ord. 2016-40 § 39, 2016; Ord. 2006-80 § 2, 2007; Ord. 2002-08 § 2, 2002. 2004 Code § 2.25.200.)