Indiana Statutes

§ 36-7-18-11 — Conflicts of interest

Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 18 Housing Authorities
(a)Except as provided in subsection (b), a commissioner or an employee of a housing authority may not acquire or have any direct or indirect interest in:
(1)a housing project;
(2)any property included or planned to be included in a project; or
(3)a contract or proposed contract for materials or services to be furnished or used in connection with any housing project.
(b)A commissioner or an employee of a housing authority may have an interest described in subsection (a) if that interest is in:
(1)a bank or similar financial institution in which housing authority money is deposited;
(2)a contract for materials or services provided on an emergency basis under IC 5-22-10-4 in which time is of the essence, if:
(A)the materials or services are priced at a cost comparable to the same mate

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