§ 23-21-512 — Disclosure of interests required

Colorado § 23-21-512

• Jurisdiction: Colorado
• Title 23: Postsecondary Education
• Art.: University of Colorado -

Text

Any member of the board of
directors and any employee or other agent or adviser of the authority, who has a
direct or indirect interest in any contract or transaction with the authority, shall
disclose this interest to the authority. This interest shall be set forth in the minutes
of the authority, and no director, employee, or other agent or adviser having such
interest shall participate on behalf of the authority in the authorization of any such
contract or transaction; except that the provisions of this section shall not be
construed to prohibit any employee of the university of Colorado who is a member
of the board of directors, who has no personal interest, from voting on the
authorization of any such contract or transaction between the authority and the
regents.

Legislative History

Source: L. 91: Entire part added, p. 567, � 2, effective June 1.