A. The provisions of this chapter reflect the minimum elements that shall be addressed by board of education regulations in order for the Commission to view the regulations as:
(1) Similar or substantially similar to the Public Ethics Law; and
(2) For members of the school board and candidates to be members of the school board, at least equivalent to the requirements of General Provisions Article, Title 5, Subtitles 5 and 6, Annotated Code of Maryland.
B. A board of education may adopt regulations more stringent than General Provisions Article, Title 5, Subtitles 5 and 6, Annotated Code of Maryland, based on local circumstances and where more stringent provisions are necessary to prevent conflicts of interest in that school system.