§ 45-50-5.2. Interest of members or employees in property.
No member or employee of an authority shall acquire any direct interest in any project or in any property included or planned to be included in any project, nor shall he or she have any direct or indirect interest in any contract or proposed contract for materials or services to be furnished or used in connection with any project. If any member or employee of an authority owns or controls a direct or indirect interest in any property, included or planned to be included in any project, he or she shall immediately disclose the interest, in writing, to the authority and the disclosure shall be entered upon the minutes of the authority. Failure to disclose the interest constitutes misconduct in office.
History of Section.P.L. 1989, ch. 466, § 2.
Structure Rhode Island General Laws
Chapter 45-50 - Municipal Public Buildings Authorities
Section 45-50-1. - Short title.
Section 45-50-2. - Authorities created.
Section 45-50-4. - Resolution conclusive as to capacity of authority.
Section 45-50-5. - Appointment of authority members.
Section 45-50-5.1. - Compliance with laws and contractual obligations.
Section 45-50-5.2. - Interest of members or employees in property.
Section 45-50-5.3. - Evaluation and approval.
Section 45-50-6. - Tenure of authority members.
Section 45-50-7. - Officers and quorums.
Section 45-50-8. - Reimbursement for expenses.
Section 45-50-9. - Definitions.
Section 45-50-11. - Credit of state, political subdivisions, and authority not pledged.
Section 45-50-12. - Powers of authority.
Section 45-50-13. - Eminent domain proceedings.
Section 45-50-14. - Revenue bonds.
Section 45-50-15. - Trust agreements.
Section 45-50-17. - Trust funds.
Section 45-50-19. - Exemptions from taxation.
Section 45-50-20. - Bonds eligible for investment.
Section 45-50-21. - Negotiable instruments.
Section 45-50-22. - Refunding bonds.
Section 45-50-23. - Use of projects.
Section 45-50-24. - Limitation of powers.
Section 45-50-25. - Actions authorized by resolution.
Section 45-50-26. - Annual report and audit.
Section 45-50-27. - Transfer of project to governmental body.
Section 45-50-28. - Inconsistent provisions.
Section 45-50-29. - Applicability of other laws.