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 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
Chapter 5D. Public Energy Authority Act
Article 1. Public Energy Authority of the State of West Virginia
§5D-1-5. Powers, Duties and Responsibilities of Authority Generally; Termination of Certain Powers
§5D-1-5a. Publication of Notice of Certain Meetings
§5D-1-8. Annual Report to Governor and Legislature; Audit
§5D-1-9. Expenses of Authority
§5D-1-10. Use of Funds by Authority; Restrictions
§5D-1-11. Investment of Funds by Authority
§5D-1-12. Maintenance, Operation and Repair of Projects
§5D-1-13. Bonds Lawful Investments
§5D-1-14. Exemption From Taxation
§5D-1-19. Financial Interest in Contracts Prohibited; Penalty
§5D-1-20. Personal Liability of Members or Persons Acting on Behalf of the Authority
§5D-1-21. Meetings and Records of Authority to Be Kept Public