California Public Utilities Code 130670 – Reimbursement for travel or lodging may be exempt from the provisions …
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Reimbursement for travel or lodging may be exempt from the provisions prohibiting gifts if the travel is related to MTA business. That reimbursement, however, shall be reported in the annual Statement of Economic Interest. The general counsel may be consulted prior to accepting payment or reimbursement to determine whether that reimbursement should be disqualified as a gift.
(Added by Stats. 1997, Ch. 900, Sec. 8. Effective January 1, 1998.)
Terms Used In California Public Utilities Code 130670
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.