(1) As used in this section:
(a) “Public body” has the meaning given that term in ORS 174.109.
(b) “Public contract” has the meaning given that term in ORS 279A.010.
(2) Except as provided in subsection (3) of this section, a person may not, for two years after the person ceases to hold a position as a public official, have a direct beneficial financial interest in a public contract that was authorized by:
(a) The person acting in the capacity of a public official; or
(b) A board, commission, council, bureau, committee or other governing body of a public body of which the person was a member when the contract was authorized.
(3) Subsection (2) of this section does not apply to a person who was a member of a board, commission, council, bureau, committee or other governing body of a public body when the contract was authorized, but who did not participate in the authorization of the contract. [2007 c.877 §23a]
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