§ 880-X-2C-.11. Resolving Prohibited Interests
(1) Actions to be taken by the Director of the State Regulatory Authority or his or her authorized designee are as follows:
(a) If an employee has a prohibited financial interest, the Director of the State Regulatory Authority or his or her designee, shall promptly advise the employee that remedial action which will resolve the prohibited interest is required within 90 days.
(2) Remedial action may include --
(a) Reassignment of the employee to a position which performs no function or duty under the Act;
(b) Divestiture of the prohibited financial interest; or
(c) Other appropriate action which either eliminates the prohibited interest or eliminates the situation which creates the conflict.
(3) Reports of noncompliance. If 90 days after an employee is notified to take remedial action that employee is not in compliance with the requirements of the Act and these regulations, the Director of the State Regulatory Authority or his or her designee shall take appropriate legal action.
Statutory Authority: Code of Ala. 1975, §§ 9-16-71, 72, 73, 74, 75, 76, 80.
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