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§ 12-310. Prohibited financial interests; disclosure requirements

West's Annotated Code of MarylandHousing and Community Development

West's Annotated Code of Maryland
Housing and Community Development (Refs & Annos)
Division II. Housing Authorities [Titles 12-End] (Refs & Annos)
Title 12. Provisions of Statewide Applicability (Refs & Annos)
Subtitle 3. Commissioners (Refs & Annos)
MD Code, Housing & Community Development, § 12-310
§ 12-310. Prohibited financial interests; disclosure requirements
In general
(a) Except for bonds purchased before appointment and interests in mutual funds, a commissioner or employee of an authority may not acquire any direct or indirect interest in a housing project or in property included or planned to be included in a housing project.
Interests in contracts
(b) A commissioner or employee of an authority may not have any direct or indirect interest in a contract or proposed contract for materials or services to be furnished or used in connection with a housing project.
Disclosure requirements
(c)(1) A commissioner or employee of an authority who owns or controls a direct or indirect interest in property included or planned to be included in a housing project shall immediately disclose the interest in writing to the authority.
(2) The disclosure shall be entered in the minutes of the authority.
(3) Failure to disclose the interest is misconduct in office.

Credits

Added by Acts 2006, c. 63, § 2, eff. Oct. 1, 2006.
MD Code, Housing & Community Development, § 12-310, MD HOUS & CMTY DEV § 12-310
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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