§16-15-4. Persons prohibited from acquiring interest in property
or contracts; disclosure of prior interest.
No commissioner or employee of an authority shall acquire any
interest direct or indirect in any development or in any property
included or planned to be included in any development, 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 development. If any member or employee of
any authority owns or controls an interest direct or indirect in
any property included in any development, which was acquired prior
to his or her appointment or employment, he or she shall disclose
the same in writing to the authority. The disclosure shall be
entered upon the minutes of the authority.