159D-56. Conflict of interest.
If any member, officer or employee of the agency is interested either directly or indirectly, or is an officer or employee of or has an ownership interest in any firm or corporation interested directly or indirectly, in any contract with the agency, this interest shall be disclosed to the agency and shall be set forth in the minutes of the agency, and the member, officer or employee having an interest in a contract shall not participate on behalf of the agency in the authorization of the contract. (1985 (Reg. Sess., 1986), c. 794, s. 22; 2000-179, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 159D - The North Carolina Capital Facilities Financing Act
Article 2 - Private Capital Facilities Finance Act.
§ 159D-36 - Legislative findings.
§ 159D-38 - Capital facilities finance agency.
§ 159D-40 - Criteria and requirements.
§ 159D-41 - Procedural requirements.
§ 159D-43 - Construction contracts.
§ 159D-44 - Credit of State not pledged.
§ 159D-46 - Trust agreement or resolution.
§ 159D-47 - Revenues; pledges of revenues.
§ 159D-50 - Investment securities.
§ 159D-51 - Bonds or notes eligible for investment.
§ 159D-52 - Refunding bonds or notes.
§ 159D-54 - Officers not liable.