§ 160A-555. Interested commissioners or employees.
§ 160A‑555. Interested commissioners or employees.
No commissioner or employee of an authority shall acquire any interestdirect or indirect in any parking project or in any property included orplanned to be included in any parking project, nor shall he have any interestdirect or indirect in any contract or proposed contract for materials orservices to be furnished or used in connection with any parking project. If anycommissioner or employee of an authority owns or controls an interest direct orindirect in any property included or planned to be included in any parkingproject, he shall immediately disclose the same in writing to the authority andsuch disclosure shall be entered upon the minutes of the authority. Failure toso disclose such interest shall constitute misconduct in office. (1951, c. 779, s. 6; 1979, 2nd Sess., c. 1247, s. 44.)