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(8.2) Section 8.2. Loans to Public Officials.
<br /> (A) No elected officer of a state or local government agency shall, from the date of his or
<br /> her election to office through the date that he or she vacates office, receive a personal loan from
<br /> any officer, employee, member, or consultant of the state or local government agency in which
<br /> the elected officer holds office or over which the elected officer's agency has direction and
<br /> control.
<br /> (B) No public official who is exempt from the state civil service system pursuant to
<br /> subdivisions (c), (d), (e), (f), and (g) of Section 4 of Article VII of the Constitution shall, while he
<br /> or she holds office, receive a personal loan from any officer, employee, member, or consultant
<br /> of the state or local government agency in which the public official holds office or over which the
<br /> public official's agency has direction and control. This subdivision shall not apply to loans made
<br /> to a public official whose duties are solely secretarial, clerical, or manual.
<br /> (C) No elected officer of a state or local government agency shall, from the date of his or
<br /> her election to office through the date that he or she vacates office, receive a personal loan from
<br /> any person who has a contract with the state or local government agency to which that elected
<br /> officer has been elected or over which that elected officer's agency has direction and control.
<br /> This subdivision shall not apply to loans made by banks or other financial institutions or to any
<br /> indebtedness created as part of a retail installment or credit card transaction, if the loan is made
<br /> or the indebtedness created in the lender's regular course of business on terms available to
<br /> members of the public without regard to the elected officer's official status.
<br /> (D) No public official who is exempt from the state civil service system pursuant to
<br /> subdivisions (c), (d), (e), (f), and (g) of Section 4 of Article VII of the Constitution shall, while he
<br /> or she holds office, receive a personal loan from any person who has a contract with the state or
<br /> local government agency to which that elected officer has been elected or over which that
<br /> elected officer's agency has direction and control. This subdivision shall not apply to loans made
<br /> by banks or other financial institutions or to any indebtedness created as part of a retail
<br /> installment or credit card transaction, if the loan is made or the indebtedness created in the
<br /> lender's regular course of business on terms available to members of the public without regard
<br /> to the elected officer's official status. This subdivision shall not apply to loans made to a public
<br /> official whose duties are solely secretarial, clerical, or manual.
<br /> (E) This section shall not apply to the following:
<br /> 1. Loans made to the campaign committee of an elected officer or candidate for elective
<br /> office.
<br /> 2. Loans made by a public official's spouse, child, parent, grandparent, grandchild,
<br /> brother, sister, parent -in -law, brother -in -law, sister -in -law, nephew, niece, aunt, uncle, or first
<br /> cousin, or the spouse of any such persons, provided that the person making the loan is not
<br /> acting as an agent or intermediary for any person not otherwise exempted under this section.
<br /> 3. Loans from a person which, in the aggregate, do not exceed five hundred dollars
<br /> ($500) at any given time.
<br /> 4. Loans made, or offered in writing, before January 1, 1998.
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