Indiana § 5-1-4-22 Interest in contracts

Indiana Statutes

§ 5-1-4-22 — Interest in contracts

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 1 BONDS AND OTHER OBLIGATIONS·Ch. 4 Hospital Bonding Authorities

A member, agent, or employee of an Authority
who knowingly is interested in any contract with the Authority or in the
sale of any property to the Authority commits a Class A misdemeanor.
Such contracts are void. This section does not apply to contracts for
purchases of property between an Authority and other departments,
municipalities, or subdivisions of state government.
Formerly: Acts 1971, P.L.41, SEC.1; Acts 1972, P.L.10, SEC.1.
As amended by Acts 1978, P.L.2, SEC.501.

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A member, agent, or employee of an Authority
who knowingly is interested in any contract with the Authority or in the
sale of any property to the Authority commits a Class A misdemeanor.
Such contracts are void. This section does not apply to contracts for
purchases of property between an Authority and other departments,
municipalities, or subdivisions of state government.
Formerly: Acts 1971, P.L.41, SEC.1; Acts 1972, P.L.10, SEC.1.
As amended by Acts 1978, P.L.2, SEC.501.

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