(a) A member of the authority may not vote on a matter relating to a lease or contract entered into or to be entered into by the authority under this chapter if the member is a party to the lease or contract or has a direct ownership or equity interest in a firm, partnership, corporation, or association that may be a party to the contract or lease. A matter relating to a lease or contract that is approved by a majority of the members who are not barred from voting under this section is a valid action of the authority for all purposes.
(b) Members of the authority are subject to AS 39.52 (Alaska Executive Branch Ethics Act).
Structure Alaska Statutes
Title 30. Navigation, Harbors, Shipping, and Transportation Facilities
Chapter 17. Adak Reuse Authority
Article 4. Miscellaneous Provisions.
Sec. 30.17.310. Equal use and access.
Sec. 30.17.330. Purchase of project and leases.
Sec. 30.17.340. Conflicts of interest.
Sec. 30.17.350. Operation of certain statutes excepted.
Sec. 30.17.360. Compliance with Executive Budget Act; finances.