No commissioner or employee of an authority shall voluntarily acquire any interest, direct or indirect, in any redevelopment project or in any property included or planned by the authority to be included in any such project, or in any contract or proposed contract in connection with any such project. Where the acquisition is not voluntary, such commissioner or employee shall immediately disclose such interest in writing to the authority and such disclosure shall be entered upon the minutes of the authority. If any commissioner or employee of an authority presently owns or controls or owned or controlled within the preceding 2 years an interest, direct or indirect, in any property included or planned by the authority to be included in any redevelopment project, the commissioner or employee immediately shall disclose such interest in writing to the authority and such disclosure shall be entered upon the minutes of the authority. Upon such disclosure such commissioner or employee shall not participate in any action by the authority affecting such property. Any violation of this section shall constitute misconduct in office.
Structure Delaware Code
Chapter 45. SLUM CLEARANCE AND REDEVELOPMENT AUTHORITY LAW
§ 4502. Declaration of necessity.
§ 4503. Creation of slum clearance and redevelopment authority.
§ 4505. Regional slum clearance and redevelopment authority.
§ 4506. Area of operation of regional authority.
§ 4507. Board of commissioners; number; tenure of office; vacancies.
§ 4508. Appointment of commissioners for each additional community; tenure.
§ 4509. Odd and even number of communities; tenure; certificate of appointment as evidence.
§ 4511. Power of authority; quorum; meetings; qualifications for appointment as commissioner.
§ 4512. Officers; employees; duties and compensation; legal services.
§ 4513. Removal; hearing; filing of proceedings in office of municipal or county clerk's office.
§ 4514. Actions or proceedings; proof of adoption of resolutions as evidence.
§ 4515. Interest in contracts; disclosure of interest; violations.
§ 4516. Powers of an authority.
§ 4517. Approval of redevelopment plans.
§ 4518. Finding of necessity by local governing body.
§ 4519. General plan prior to recommendation of redevelopment plan.
§ 4520. Preparation of redevelopment plan; contents.
§ 4521. Submission of plan for review and recommendations.
§ 4522. Considerations prior to recommendation of plan.
§ 4523. Statement of proposed costs; revenue, finances and relocation of displaced families.
§ 4524. Public hearing; notice; publication.
§ 4525. Approval of plan; required findings.
§ 4526. Modification of plan; notice; objections.
§ 4527. Disposal of property in redevelopment project.
§ 4529. Acquisition and development of undeveloped vacant land.
§ 4531. Powers in connection with issuance of bonds.
§ 4533. Bonds as legal investments.
§ 4534. Conveyance to federal government on default.
§ 4535. Property of authority exempt from taxes, from levy and sale by virtue of an execution.
§ 4536. Cooperation by public bodies.
§ 4537. Grant of funds by community.
§ 4538. Cooperation between authorities.
§ 4541. Preparation of general plan by local governing body.