95- 584 C.M.R. ch. 1, § XI

Current through 2024-44, October 30, 2024

Section 584-1-XI - CONFLICT OF INTEREST

All Directors, officers and employees of the Authority shall observe:

A. The provisions of 23 M.R.S.A. §8113 which, at the time of adoption of these bylaws, provided as follows:

A director, officer or employee of the authority may not acquire any interest, direct or indirect, in any contract or proposed contract of the authority. A director, officer or employee may not participate in any decision on any contract entered into by the authority if that individual has any interest, direct or indirect, in any firm, partnership, corporation or association that will be party to such a contract or financially involved in any transaction with the authority; except this prohibition does not apply to the execution of agreements by banking institutions for the deposit or handling of authority funds in connection with any contract or to utility services, the rates for which are fixed or controlled by a governmental agency; and

B. Any Code of Ethics the Authority may adopt from time to time pursuant to the requirements of Federal law pertaining to conflict of interest.

95- 584 C.M.R. ch. 1, § XI