Indiana § 5-1.2-3-9 Members; conflicts of interest; disclosure

Indiana Statutes

§ 5-1.2-3-9 — Members; conflicts of interest; disclosure

Indiana § 5-1.2-3-9

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

This text of Indiana § 5-1.2-3-9 (Members; conflicts of interest; disclosure) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-1.2-3-9 (2026).

Text

Any member or employee of the authority who
has, will have, or later acquires an interest, direct or indirect, in any
transaction with the authority shall immediately disclose the nature and
extent of the interest in writing to the authority as soon as the member
or employee has knowledge of the actual or prospective interest. The
disclosure shall be announced in an open meeting and entered in the
minutes of the authority. Upon disclosure, the member or employee
shall not participate in any action by the authority authorizing the
transaction. An interest shall not invalidate actions by the authority
with the participation of the disclosing member before the time when
the member became aware of the interest or should reasonably have
become aware of the interest.

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

Any member or employee of the authority who
has, will have, or later acquires an interest, direct or indirect, in any
transaction with the authority shall immediately disclose the nature and
extent of the interest in writing to the authority as soon as the member
or employee has knowledge of the actual or prospective interest. The
disclosure shall be announced in an open meeting and entered in the
minutes of the authority. Upon disclosure, the member or employee
shall not participate in any action by the authority authorizing the
transaction. An interest shall not invalidate actions by the authority
with the participation of the disclosing member before the time when
the member became aware of the interest or should reasonably have
become aware of the interest.