Ethics and conflicts of interest.

New Orleans City Code § 70-607

in effect

Sec. 70-607. - Ethics and conflicts of interest. The provisions of the code of ethics of the City of New Orleans, Ordinance 16,413, M.C.S. and the provisions of the Code of Governmental Ethics, chapter 15 of title 42 of the Louisiana Revised Statutes are to be followed by all parties operating under this policy. Officers and employees involved in the investment process shall refrain from personal business activity that could conflict with the proper execution and management of the investment program, or that could impair their ability to make impartial decisions. Employees and officers shall refrain from undertaking personal investment transactions with the same individual with whom business is conducted on behalf of the city. Brokers/dealers must indicate in each transaction confirmation whether they are acting as a principal (selling securities from their own portfolio) or as an agent (purchasing securities from another broker/dealer). (M.C.S., Ord. No. 18,621, §§ 1, 2, 2-5-98)

Source: City of New Orleans, Code of Ordinances and Home Rule Charter (Municode Library, library.municode.com)URL: https://library.municode.com/la/new_orleans/codes/code_of_ordinances?nodeId=PTIICO_CH70FI_ARTVIINPO_S70-607ETCOINFetched: 10/28/2026