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mayor, shall not accept campaign contributions during an election cycle in an amount <br /> exceeding an aggregate limit to be determined as follows: an amount equal to $0.75 <br /> multiplied by the number of registered voters in the city on the date of the last <br /> election for the office of mayor. The aggregate limit shall not include contributions <br /> made by a candidate to his or her own campaign. <br /> (b) Candidates far city council positions. A candidate for the position of council member <br /> of a particular council place, including an incumbent council member, shall not <br /> accept campaign contributions during an election cycle in an amount exceeding an <br /> aggregate limit to be determined as follows: an amount equal to $0.50 multiplied by <br /> the number of registered voters in the city on the date of the last election for any <br /> council position. The aggregate limit shall not include contributions made by a <br /> candidate to his or her own campaign. <br /> SECTION 2. Chapter 2, Article 5, Code of Ethics, Section 2.423, of the San Marcos <br /> City Code is hereby amended to read in its entirety as follows: (added text is underlined) <br /> Sec.2.423. - Prohibition against involvement in actions affecting economic interests. <br /> (a) General rule. It is unlawful for a city official or employee to take any official action <br /> that he or she knows is likely to: <br /> (1) Affect an economic interest of <br /> a. The official or employee; <br /> b. His or her immediate family member; <br /> c. A member of his or her household; <br /> d. An outside employer of the official or employee or of his or her immediate <br /> family member; <br /> e. A business entity in which the official or employee or his or her immediate <br /> family member holds an economic interest; <br /> f. A business entity for which the city official or employee serves as an officer <br /> or director or in any other policy making position;or <br /> g. A person or business entity from whom the official or employee, or his or her <br /> immediate family member, has solicited, received and not rejected, or <br /> accepted any benefit or an offer of employment within the past twenty-four <br /> months; or <br /> h. A person, business entity, or association from whom the official has received <br /> a campaign contribution in an amount exceeding $300.00. This provision <br /> does not apply to campaign contributions received prior to November 7 <br /> 2018. This provision does not apply in circumstances where four or more <br /> council members would be prohibited from voting on a matter. <br /> (2) Confer a benefit on the official or employee, or deprive the official or employee <br /> of a benefit, where the effect of the action on the official or employee is <br />