No member or employee of a housing authority shall acquire any interest, direct or indirect, in any project or in any property including or planned to be included in any project, nor shall he 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 project. If any member or employee of any authority owns or controls an interest, direct or indirect in any property included in any project, which interest was acquired prior to his appointment or employment, he shall disclose the same in writing to the authority at the time of his appointment and the disclosure shall be entered upon the minutes of the authority.
Effective: October 1, 1942

Terms Used In Kentucky Statutes 80.080

  • authority: means any housing authority created pursuant to this chapter. See Kentucky Statutes 80.010
  • Contract: A legal written agreement that becomes binding when signed.
  • Housing: means a building or buildings containing rooms to be provided as living quarters, together with shops, stores, garages, laundries, doctors' and dentists' offices, and other facilities and appurtenances deemed reasonably necessary by the housing authority to the successful and economical operation of the project. See Kentucky Statutes 80.010

History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 927a-15, 2741x-13.

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