§ 42-34-16. Interest of members of authority.
No member of the authority shall participate in any decision on any contract of insurance in which he or she has any interests, direct or indirect, in any firm, partnership, corporation, or association which would be the mortgagee, whose loan to a local development corporation is insured by the authority, or if he or she has any interest, direct or indirect, in any firm, partnership, corporation, or association which would rent, lease, or otherwise occupy the premises constructed by the local development corporation where the corporation’s mortgage is insured by the authority, or if he or she is a director or officer or otherwise associated with the local development corporation whose mortgage is insured by the authority.
History of Section.
P.L. 1958, ch. 91, § 17.