The transitional board and its officers shall conduct activities in a manner that is in conformity with the laws of the state of California as they pertain to conflicts of interest, including, but not limited to, the following:

    A.    Political Reform Act. The transitional board shall adopt and promulgate a conflict of interest code pursuant to the provisions of the Political Reform Act of 1974, which shall be submitted to the fair political practices transitional commission or other appropriate code reviewing board within six months of the date the transitional board came into existence pursuant to the effective date of the ordinance codified in this chapter. Each member of the transitional board is subject to the provisions of the Political Reform Act, and will be required to execute a “statement of economic interests” in a manner consistent with the Act and the conflict of interest code.

    B.    Financial Interests Involving Contracts. Each member of the transitional board shall be subject to the provisions of the California Government Code (Sections 1090, et. seq.) relating to personal financial interests in contracts made by the transitional board.

    C.    Common Law Conflict of Interest. Each transitional board member and officer shall discharge his or her duties with integrity and fidelity and may not let private interests influence public decisions.

    D.    Incompatible Activities. Transitional board members and officers may be subject to the provisions of the California Government Code (Sections 1125, et seq.) pertaining to activities for compensation which are incompatible with the duties connected to the transitional board. (Ord. 97-29 § 1 (part))