5-1406. Conflicts of interest
78 words·~1 min read·
/az/title-5/5-1406A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. The members of the board are subject to title 38, chapter 3, article 8, relating to conflicts of interest, including the penalties prescribed in section 38-510.
B. A member of the board of directors may not have any direct or indirect financial interest in any of the following:
1. Property owned, purchased or constructed by the authority.
2. A contract entered into by the authority.
3. A private corporation or other entity with which the authority contracts.