Sec. 4. A member of the board or employee of the department may not have, either directly or indirectly, any pecuniary interest in any contract, purchase, or sale, or in any remuneration paid to or received by any other person, under this chapter, and any transaction made in which any such member or employee has a pecuniary interest is void. However, any property required for the purposes of the department in which a member of the board, or relative of a member, has a pecuniary interest may be acquired but only by gift, bequest, or devise.
As added by Acts 1982, P.L.77, SEC.13.
Structure Indiana Code
Article 9. Transportation and Public Works
Chapter 11.1. Parking Facilities in Marion County
36-9-11.1-1. Application of Chapter
36-9-11.1-2. Public Uses and Purposes; Eminent Domain
36-9-11.1-4. Pecuniary Interest; Board or Employee
36-9-11.1-5. Powers and Duties of Board
36-9-11.1-6. Preparation of Plat and Data; Resolution of Board
36-9-11.1-7. Approval of Resolution and Plans; Acquisition of Site
36-9-11.1-9. Options or Contracts for Land; Previously Acquired Property
36-9-11.1-10. Eminent Domain; Powers and Duties of Department and Board
36-9-11.1-11. Tax Exemption of Property, Funds, and Receipts; Leases or Sales for Private Use
36-9-11.1-13. Sale or Lease of Space and Air Rights; Treatment of Proceeds
36-9-11.1-14. Funds for Expenses of Department Before Issuance of Bonds or Receipt of Revenues
36-9-11.1-15. Revenue Bonds; Issuance; Proceeds
36-9-11.1-16. Rights of Bondholders; Lien; Enforcement Proceedings; Default
36-9-11.1-17. Deposits of Department Funds; Separate Account Books and Special Accounts
36-9-11.1-18. Payments to and From General Fund of Department
36-9-11.1-19. Annual Operating and Income Statement of Facility