No officer, member or employee of the board or the authority shall be financially interested, directly or indirectly, in any contract of any person with the authority, or in the sale of any property, real or personal, to or from the authority. This section does not apply to contracts or purchases of property, real or personal, between the authority and any governmental agency. If any officer, member or employee of the board or the authority has such financial interest in a contract or sale of property prohibited hereby, he shall be guilty of a misdemeanor, and, upon conviction thereof, shall be fined not more than $1,000, or imprisoned in the county jail not more than one year, or both fined and imprisoned.
Structure West Virginia Code
Article 29A. West Virginia Hospital Finance Authority Act
§16-29A-2. Declaration of Policy and Responsibility; Purpose and Intent of Article; Findings
§16-29A-4. Creation of Authority and Board; Status and Members of Board
§16-29A-5. Powers of Authority
§16-29A-8. Trustee for Bondholders; Contents of Trust Agreement
§16-29A-9. Use of Funds by Authority; Restrictions Thereon
§16-29A-10. Security for Bonds and Notes
§16-29A-11. Enforcement of Payment and Validity of Bonds and Notes
§16-29A-12. Pledges; Time; Liens; Recordation
§16-29A-14. Purchase and Cancellation of Notes or Bonds
§16-29A-15. Vested Rights; Impairment
§16-29A-17. Negotiability of Bonds and Notes
§16-29A-18. Bonds and Notes Legal Investments
§16-29A-19. Exemption From Taxation
§16-29A-20. Certificate of Need
§16-29A-21. Nondiscrimination; Hospital Facilities
§16-29A-22. Personal Liability; Persons Executing Bonds or Notes
§16-29A-23. Financial Interest in Contracts Prohibited; Penalty
§16-29A-24. Meetings and Records of Authority to Be Kept Public