No commissioner or employee of an authority shall acquire any interest, direct or indirect, in any housing project or in any property, included or planned to be included, in any project, nor shall he or she have any interest direct or indirect in any contract or proposed contract for materials or services to be furnished or used in connection with any housing project. If any commissioner or employee of an authority owns or controls an interest direct or indirect in any property, included or planned to be included, in any housing project, that person shall immediately disclose the interest, in writing, to the authority and the disclosure shall be entered upon the minutes of the authority. Failure to disclose the interest constitutes misconduct in office.
History of Section.
P.L. 1935, ch. 2255, § 7; G.L. 1938, ch. 344, § 7; G.L. 1956, § 45-25-13.