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 interests in the 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 19. West Virginia Community Infrastructure Authority
§31-19-2. Legislative Findings and Purposes
§31-19-6. Powers, Duties and Responsibilities of the Authority Generally
§31-19-8. Trustee for Bondholders; Contents of Trust Agreement
§31-19-9. Legal Remedies of Bondholders and Trustees
§31-19-11. Use of Funds by Authority; Restrictions Thereon
§31-19-12. Investment of Funds by Authority
§31-19-13. Reports by Authority to Governor and Legislature
§31-19-14. Community Infrastructure Bonds Lawful Investments
§31-19-15. Purchase and Cancellation of Notes or Bonds
§31-19-17. Exemption From Taxation
§31-19-18. Financial Interests in Contracts Prohibited; Penalty
§31-19-19. Meetings and Records of Authority to Be Kept Public