238-A:7 Conflict Of Interest
Last revised 2007 § Leave a Comment
I. A director, officer, or employee of the authority shall not acquire any interest, direct or indirect, in any contract or proposed contract of the authority. A director, officer, or employee of the authority shall not participate in any decision on any contract entered into or to be entered into by the authority if that individual has any interest, direct or indirect, in any firm, partnership, corporation, or association that will be party to such a contract or financially involved in any transaction with the authority.
II. The prohibition in paragraph I shall not apply to:
- (a) The execution of agreements by banking institutions for the deposit or handling of authority funds in connection with any contract.
- (b) Utility services, for which rates are fixed or controlled by a government agency.
- (c) Contracts with the department of transportation, a regional planning commission, or any other government agency.
III. The authority shall not:
2007, 360:1, eff. July 17, 2007.
Area of Law