Maine Statutes
§ 5 §13083-O — Interest of public officials, trustees or employees
1.Acquisition of interest.
A public official, trustee or employee of the authority may not acquire or hold a direct or an indirect financial or personal interest in:
2.Present or past interest in property.
If a public official, trustee or employee of the authority presently owns or controls, or owned or controlled within the preceding 2 years, a direct or an indirect interest in property known to be included or planned to be included in an authority activity, that public official, trustee or employee must disclose this fact immediately in writing to the authority and the disclosure must be entered in the authority's minutes.
3.Recusal.
The public official, trustee or employee of the authority with an interest may not participate in an action by the authority affecting that property.
4.
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Legislative History
PL 2005, c. 599, §1 (NEW).
Nearby Sections
15
§ 5 §13083
Assistance to development corporations§ 5 §13083-B
Definitions§ 5 §13083-D
Property of authority§ 5 §13083-D-1
Bonds§ 5 §13083-E
Termination of authority§ 5 §13083-F
Annual report§ 5 §13083-H
Definitions§ 5 §13083-J
Use of operating revenues§ 5 §13083-K
Property of authority§ 5 §13083-L
Special utility districts§ 5 §13083-M
Other municipal powers