§7-12-5. Compensation of members; expenses; recusal of member from
voting where conflict of interest involved.
(a) No member of the authority shall receive any compensation,
whether in formal salary, per diem allowance or otherwise, in
connection with his or her services as such member. Each member
shall, however, be entitled to reimbursement by the authority for
any necessary expenditures in connection with the performance of
his or her general duties as such member.
(b) Whenever a person associated with a public utility or bank
as set out in section four of this article has a conflict of
interest between the board and that public utility or bank, then he
or she must recuse himself or herself from any vote, discussion or
other activity associated with the board or its members that
creates the conflict of interest.