Common use of Financial Interest in Contracts Clause in Contracts

Financial Interest in Contracts. Contractor should also be aware of the following provisions of Government Code §1090: “Members of the Legislature, state, county district, judicial district, and city officers or employees shall not be financially interested in any contract made by them in their official capacity, or by any body or board of which they are members. Nor shall state, county, district, judicial district, and city officers or employees be purchasers at any sale or vendors at any purchase made by them in their official capacity.”