California Code of Regulations
Title 15 - Crime Prevention and Corrections
Division 8 - California Prison Industry Authority
Chapter 1 - Rules and Regulations of California Prison Industry Authority
Article 6 - Personnel
Section 8122 - Employee Prohibition on Use of Nonpublic Information at Auctions

Universal Citation: 15 CA Code of Regs 8122

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) An employee must not engage in a financial transaction involving a CALPIA auction using nonpublic information, nor allow the improper use of nonpublic information to further that employee's own private interest or that of another, whether through advice or recommendation, or by knowing unauthorized disclosure.

(b) For purposes of this section, nonpublic information is information that the employee gains by reason of state employment and that this employee knows or reasonably should know has not been made available to the general public. It includes information that this employee knows or reasonably should know:

(1) Is routinely exempt from disclosure under the California Public Records Act § 6250 et seq., or otherwise protected from disclosure by statute, Executive order or regulation;

(2) Is designated as confidential by an agency; or

(3) Has not actually been disseminated to the general public and is not authorized to be made available to the public on request.

1. New section filed 11-30-2021; operative 1-1-2022 (Register 2021, No. 49).
2. Change without regulatory effect amending subsection (a) filed 2-11-2022 pursuant to section 100, title 1, California Code of Regulations (Register 2022, No. 6).

Note: Authority cited: Sections 2801, 2808 and 2809, Penal Code. Reference: Sections 2806 and 2808, Penal Code.

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