A person described in § 3-23-6 derives a direct benefit from a contract if the person, the person's spouse, or any other person with whom the person lives and commingles assets:
(1) Is a party to or intended beneficiary of any contract held by the school district or cooperative education service unit;
(2) Has more than a five percent ownership interest in an entity that is a party to any contract held by the school district or cooperative education service unit;
(3) Acquires property under the contract; or
(4) Will receive compensation, commission, promotion, or other monetary benefit directly attributable to any contract with the school district or cooperative education service unit.