(a) A member of the authority may not vote on a resolution of the authority relating to a lease or contract 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 resolution of the authority that is approved by a majority of the members who are not barred from voting under this subsection is a valid action of the authority for all purposes.
(b) [Repealed, ยง 82 ch 41 SLA 2009.]
Structure Alaska Statutes
Chapter 88. Alaska Industrial Development and Export Authority
Article 4. General Administrative Provisions.
Sec. 44.88.165. Delinquent loans.
Sec. 44.88.170. Purchase of project and leases.
Sec. 44.88.172. Economic development account.
Sec. 44.88.174. Regional resource advisory council.
Sec. 44.88.177. Operation of projects.
Sec. 44.88.178. Creation of subsidiaries.
Sec. 44.88.180. Conflicts of interest.
Sec. 44.88.190. Operation of certain statutes excepted.
Sec. 44.88.205. Compliance with executive budget act; authority finances.
Sec. 44.88.210. Reports and publications.
Sec. 44.88.212. Fees charged by authority; prepayments.