Arizona Laws 48-6205. Conflicts of interest
Current as of: 2024 | Check for updates
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Terms Used In Arizona Laws 48-6205
- Board: means the board of directors of a district. See Arizona Laws 48-6201
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- District: means a theme park district established pursuant to this chapter. See Arizona Laws 48-6201
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
- Property: includes both real and personal property. See Arizona Laws 1-215
(Conditionally Rpld.)
A. The directors of the district are subject to Title 38, Chapter 3, Article 8, relating to conflicts of interest, including the penalties prescribed by section 38-510.
B. A member of the board of directors shall not have any direct or indirect financial interest in any:
1. Property owned, purchased or constructed by the district.
2. Contract entered into by the district.
3. Private corporation or other entity with which the district contracts.