No officer, member or employee of 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 authority has such financial interest in a contract or sale of property prohibited hereby, he or she is 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
Chapter 22C. Environmental Resources; Boards, Authorities, Commissions and Compacts
Article 1. Water Development Authority
§22C-1-2. Declaration of Policy and Responsibility; Purpose and Intent of Article; Findings
§22C-1-6. Powers, Duties, and Responsibilities of Authority Generally
§22C-1-8. Expenditure of Funds for Study and Engineering of Proposed Projects
§22C-1-10. Trustee for Bondholders; Contents of Trust Agreement
§22C-1-11. Trust Agreements for Related Responsibilities; Reimbursements
§22C-1-12. Legal Remedies of Bondholders and Trustees
§22C-1-14. Use of Funds by Authority; Restrictions Thereon
§22C-1-15. Investment of Funds by Authority
§22C-1-18. Water Development Bonds Lawful Investments
§22C-1-19. Purchase and Cancellation of Notes or Bonds
§22C-1-21. Exemption From Taxation
§22C-1-24. Financial Interest in Contracts Prohibited; Penalty
§22C-1-25. Meetings and Records of Authority to Be Kept Public