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§ 803. Disclosure of interest. 1. Any municipal officer or employee
who has, will have, or later acquires an interest in any actual or
proposed contract with the municipality of which he is an officer or
employee, shall publicly disclose the nature and extent of such interest
in writing to the governing body thereof as soon as he has knowledge of
such actual or prospective interest. Such written disclosure shall be
made part of and set forth in the official record of the proceedings of
such body. Once disclosure has been made by an officer or employee with
respect to an interest in a contract with a particular person, firm,
corporation or association, no further disclosures need be made by such
officer or employee with respect to additional contracts with the same
party during the remainder of the fiscal year.

2. Notwithstanding the provisions of subdivision one of this section,
disclosure shall not be required in the case of an interest in a
contract described in subdivision two of section eight hundred two
hereof.

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