District of Columbia § 42-2702.04 Conflict of interest; disclosure; waiver of bar against participation by interested party.

District of Columbia Statutes

§ 42-2702.04 — Conflict of interest; disclosure; waiver of bar against participation by interested party.

District of Columbia § 42-2702.04

Title 42Real Property.

Ch. 27Housing Finance Agency.

Subch. IIEstablishment of the Agency.

This text of District of Columbia § 42-2702.04 (Conflict of interest; disclosure; waiver of bar against participation by interested party.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 42-2702.04 (2026).

Text

Any member, officer, or employee of the Agency who is interested either directly or indirectly, or who is an officer or employee of, or has an ownership interest in any firm or agency interested directly or indirectly in any transaction with the Agency including, but not limited to, any loan to any sponsor, builder or developer, shall disclose this interest to the Agency. This interest shall be set forth in the minutes of the Agency, and the member, officer, or employee having the interest shall not participate on behalf of the Agency in the authorization or implementation of any such transaction. The Board by two-thirds majority vote may allow a waiver of a member’s, officer’s or employee’s inability to participate in circumstances where the interest falls within guidelines adopted as rul

Free access — add to your briefcase to read the full text and ask questions with AI

Any member, officer, or employee of the Agency who is interested either directly or indirectly, or who is an officer or employee of, or has an ownership interest in any firm or agency interested directly or indirectly in any transaction with the Agency including, but not limited to, any loan to any sponsor, builder or developer, shall disclose this interest to the Agency. This interest shall be set forth in the minutes of the Agency, and the member, officer, or employee having the interest shall not participate on behalf of the Agency in the authorization or implementation of any such transaction. The Board by two-thirds majority vote may allow a waiver of a member’s, officer’s or employee’s inability to participate in circumstances where the interest falls within guidelines adopted as rules promulgated by the Board.

Legislative History

Mar. 3, 1979, D.C. Law 2-135, § 204, 25 DCR 5008; Aug. 5, 1981, D.C. Law 4-28, § 2(h), 28 DCR 2848; Apr. 20, 1999, D.C. Law 12-247, § 2(e), 46 DCR 1100