63A-21. Conflicts of interest.
If any member, officer, or employee of the Authority shall be interested either directly or indirectly, or shall be an officer or employee of or have an ownership interest in any firm or corporation, not including units of local government, interested directly or indirectly, in any contract with the Authority, the interest shall be disclosed to the Board and shall be set forth in the minutes of the Board. The member, officer, or employee having an interest shall not participate on behalf of the Authority in the authorization of any contract. Other provisions of law notwithstanding, failure to take any or all actions necessary to carry out the purposes of this section may not affect the validity of any bonds or notes issued under this Chapter. (1991, c. 749, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 63A - North Carolina Global TransPark Authority
§ 63A-1 - Short title and intent.
§ 63A-3 - Creation of Authority and Board.
§ 63A-4 - Powers of the Authority.
§ 63A-5 - Taxation of property of Authority.
§ 63A-6 - Acquisition, disposition, or exchange of real property.
§ 63A-10 - Refunding bonds or notes.
§ 63A-11 - Special user project bonds or notes.
§ 63A-12 - Public hearing requirements.
§ 63A-13 - Financing agreements.
§ 63A-14 - Security documents.
§ 63A-17 - Status of bonds and notes under Uniform Commercial Code.
§ 63A-18 - Zoning power of Authority.
§ 63A-19 - Goals for participation by minorities, women, and the disabled.
§ 63A-20 - Officers not liable.
§ 63A-21 - Conflicts of interest.
§ 63A-22 - Cooperation by other State agencies.