Sec. 41. A disclosure under section 40 of this chapter shall be announced at the first meeting of the board following the disclosure and entered upon the minutes of that meeting. Upon disclosure, the member or employee shall not participate in an action by the board or authority authorizing the transaction. However, an interest described under section 40 of this chapter does not invalidate an action by the board or authority with the participation of the disclosing member before the time when the member became aware of the interest or should reasonably have become aware of the interest.
As added by P.L.346-1989(ss), SEC.7.
Structure Indiana Code
Article 7. Planning and Development
Chapter 23. Multiple County Infrastructure Authority
36-7-23-1. "Authority" Defined
36-7-23-3.7. Applicability of Chapter
36-7-23-5. Purpose; Activities
36-7-23-8. Contracts With Political Subdivisions
36-7-23-10. Appointed Members of Board of Directors
36-7-23-12. Vacancy on Board of Directors
36-7-23-13. Compensation and Expenses of Board Members
36-7-23-15. Officers of Board of Directors
36-7-23-16. Vacancies in Offices of Board of Directors
36-7-23-20. Bylaws, Rules, and Regulations
36-7-23-21. Broad Construction of Board's Powers
36-7-23-22. Revenue Bond Resolutions
36-7-23-23. Amount of Bonds Sold
36-7-23-24. Disclosures on Face of Bond
36-7-23-25. Execution, Attestation, and Authentication of Bonds
36-7-23-26. Negotiability of Bonds
36-7-23-29. Bonds Payable From and Secured by Authority Revenues Only
36-7-23-30. Covenant Not to Impair Taxes Pledged to Bonds
36-7-23-31. Long Term Management Plan
36-7-23-32. Executive Director
36-7-23-33. Powers and Duties of Executive Director
36-7-23-34. Salaries; Expenses of Board, Authority, Employees, and Consultants
36-7-23-35. Minutes of Board; Records and Documents of Authority
36-7-23-36. Officers, Agents, and Employees; Legal Counsel; Technical Experts
36-7-23-37. Delegation of Administrative Duties
36-7-23-38. Personnel Policies
36-7-23-39. Authority Employees Not Employees of State
36-7-23-40. Conflict of Interest Disclosure
36-7-23-41. Nonparticipation of Director or Employer With Conflicting Interest
36-7-23-42. Officers and Employees of State or Political Subdivisions
36-7-23-43. Personal Liability of Directors, Officers, Employees, and Agents
36-7-23-44. Funds and Accounts
36-7-23-46. Authority Funds as Trust Funds
36-7-23-47. Audit of Funds and Accounts
36-7-23-48. Authority Property as Public Property; Tax Exemption
36-7-23-49. Payment of Expenses; Indebtedness or Liability of State or Political Subdivision
36-7-23-51. Operating and Financial Statement
36-7-23-52. Fees, Rates, and Charges for Use of Infrastructures
36-7-23-53. Lease of Infrastructures
36-7-23-54. Corporations Permitted to Lease Infrastructures to Authorities
36-7-23-55. Securities Exempt From Registration Laws
36-7-23-56. Bonds Exempt From Taxation