Sec. 65. Conflicts of interests.
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Sec. 65. Conflicts of interests.
(a)None of the following shall have or acquire a grant from IGP, a contract for goods or services with IGP, or a direct interest in an IGP grant or IGP contract for goods or services:
(i)a member of the IGP board of directors;
(ii)the IGP executive director;
(iii)an IGP employee; or
(iv)the spouse of or immediate family residing with a person described in item (i), (ii), or (iii).
For the purposes of this subsection, a "direct interest" is the right or potential right to receive
(1)more than 5% of the distributive income or ownership share of an IGP grantee or contractor or
(2)in combination with a person described in items
(i)through
(iv)of this subsection, more than 7% of the distributive income or ownership share of an IGP grantee or contractor.
(b)None of the following shall solicit or accept a gift from a person or entity that has an IGP grant or that has a contract for goods or services with IGP:
(i)a member of the IGP board of directors;
(ii)the IGP executive director;
(iii)an IGP employee; or
(iv)the spouse of or immediate family residing with a person described in item (i), (ii), or (iii).
For the purposes of this subsection, "gift" has the same meaning as in Section 1-5 of the State Officials and Employees Ethics Act.
(c)Expenses related to travel in connection with IGP business by any of the following may not be paid or reimbursed by a person or entity that has an IGP grant or that has a contract for goods or services with IGP:
(i)a member of the IGP board of directors;
(ii)the IGP executive director;
(iii)an IGP employee; or
(iv)the spouse of or immediate family residing with a person described in item (i), (ii), or (iii).