Maine Statutes
§ 5 §13120-J — Interest of trustee or employee
1.Acquisition of interest.
A member of the board of trustees or employee of the authority may not acquire or hold a direct or an indirect personal financial interest in:
2.Present or past interest in property.
If a member of the board of trustees 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 member or employee shall disclose this fact immediately in writing to the board of trustees and the disclosure must be entered in the board of trustees' minutes.
3.Recusal.
A member of the board of trustees or employee of the authority with an interest under subsection 2 may not participate in an action by the autho
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Legislative History
PL 2001, c. 703, §6 (NEW). PL 2005, c. 425, §16 (AMD).
Nearby Sections
15
§ 5 §13120-A
Authority established; purpose§ 5 §13120-B
Definitions§ 5 §13120-C
Organization and responsibilities§ 5 §13120-D
Board of trustees; appointment; chair; employees§ 5 §13120-E
Agreements; contracts§ 5 §13120-F
Receive, use and invest funds§ 5 §13120-G
Acquisition, use and disposition of property§ 5 §13120-H
Taxation and fees§ 5 §13120-I
Bonds§ 5 §13120-J
Interest of trustee or employee§ 5 §13120-K
Annual report; audit§ 5 §13120-L
Rules§ 5 §13120-M
Disclosure and confidentiality of records§ 5 §13120-N
Speculative industrial building program§ 5 §13120-O
Community Industrial Buildings Fund