Sec. 2-75. Board members; financial matters; conflict of interest.
76 words·~1 min read·
/il/chapter-70/act-200/2-75A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 2-75. Board members; financial matters; conflict of interest. The members of the Board shall serve without compensation, but shall be reimbursed for actual expenses incurred by them in the performance of their duties.
No member of the Board or employee of the Authority shall have any private financial interest, profit or benefit in any contract, work or business of the Authority or in the sale or lease of any property to or from the Authority.