New York State Consolidated Laws
                  Section 74 of the Public Officers' Law.

                       Section 74.  Code of ethics.
                       1.  Definition. As used in this section:
                       The term "state agency" shall mean any state department, or division, board,
                       commission,  or  bureau  of  any  state department or any public benefit
                       corporation or public  authority  at  least  one  of  whose  members  is
                       appointed by the governor.
                         The  term "legislative employee" shall mean any officer or employee of
                       the legislature but it shall not include members of the legislature.
                       2.  Rule  with  respect  to  conflicts  of  interest.   No officer or
                       employee of a state agency, member of  the  legislature  or  legislative
                       employee  should  have  any  interest, financial or otherwise, direct or
                       indirect, or engage in  any  business  or  transaction  or  professional
                       activity  or incur any obligation of any nature, which is in substantial
                       conflict with the proper discharge of his duties in the public interest.
                       3.  Standards.
                         a.   No  officer  or  employee  of  a  state  agency,  member  of  the
                       legislature or legislative employee should accept other employment which
                       will impair his independence of judgment in the exercise of his official
                       duties.
                         b.   No  officer  or  employee  of  a  state  agency,  member  of  the
                       legislature or legislative employee should accept employment  or  engage
                       in  any  business  or  professional  activity  which will require him to
                       disclose confidential information which he has gained by reason  of  his
                       official position or authority.
                         c.   No  officer  or  employee  of  a  state  agency,  member  of  the
                       legislature  or  legislative  employee  should   disclose   confidential
                       information acquired by him in the course of his official duties nor use
                       such information to further his personal interests.
                         d.   No  officer  or  employee  of  a  state  agency,  member  of  the
                       legislature or legislative employee should use or  attempt  to  use  his
                       official  position  to  secure  unwarranted privileges or exemptions for
                       himself or others.
                         e.   No  officer  or  employee  of  a  state  agency,  member  of  the
                       legislature or legislative employee should engage in any transaction  as
                       representative  or  agent of the state with any business entity in which
                       he has a direct or indirect financial  interest  that  might  reasonably
                       tend to conflict with the proper discharge of his official duties.
                         f.   An  officer  or  employee  of  a  state  agency,  member  of  the
                       legislature or legislative employee  should  not  by  his  conduct  give
                       reasonable  basis  for  the  impression  that  any person can improperly
                       influence him or unduly enjoy  his  favor  in  the  performance  of  his
                       official  duties,  or that he is affected by the kinship, rank, position
                       or influence of any party or person.
                         g.   An officer  or  employee  of  a state agency should abstain from
                       making personal investments  in  enterprises  which  he  has  reason  to
                       believe may be directly involved in decisions to be made by him or which
                       will otherwise create substantial  conflict  between  his  duty  in  the
                       public interest and his private interest.
                         h.   An officer  or  employee  of  a  state  agency,  member  of  the
                       legislature or legislative employee should endeavor to pursue  a  course
                       of  conduct  which  will not raise suspicion among the public that he is
                       likely to be engaged in acts that are in violation of his trust.
                         i.   No officer or employee of a state agency employed on a full-time
                       basis nor any firm or association of which such an officer  or  employee
                       is  a member nor corporation a substantial portion of the stock of which
                       is owned or  controlled  directly  or  indirectly  by  such  officer  or
                       employee, should sell goods or services to any person, firm, corporation
                       or association which is licensed or whose rates are fixed by  the  state
                       agency in which such officer or employee serves or is employed.
                         j.   If any officer or employee of a state agency shall have a
                       financial interest, direct or indirect, having a value of  ten  thousand
                       dollars  or more in any activity which is subject to the jurisdiction of
                       a regulatory agency, he should  file  with  the  secretary  of  state  a
                       written statement that he has such a financial interest in such activity
                       which statement shall be open to public inspection.
                       4.  Violations.   In  addition  to any penalty contained in any other
                       provision of  law  any  such  officer,  member  or  employee  who  shall
                       knowingly  and  intentionally  violate  any  of  the  provisions of this
                       section may be fined, suspended or removed from office or employment  in
                       the manner provided by law.