A. The members of the board are subject to Title 38, Chapter 3, Article 8, relating to conflicts of interest, including the penalties prescribed in section 38-510.

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Terms Used In Arizona Laws 5-1406

  • Authority: means the southern Arizona sports, tourism and film authority. See Arizona Laws 5-1401
  • Board: means the board of directors of the authority. See Arizona Laws 5-1401
  • 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.
  • 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

B. A member of the board of directors may not have any direct or indirect financial interest in any of the following:

1. Property owned, purchased or constructed by the authority.

2. A contract entered into by the authority.

3. A private corporation or other entity with which the authority contracts.

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