N.Y. Public Authorities Law 1396 – Punishment for irregular demeanor of members or employees of authority
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§ 1396. Punishment for irregular demeanor of members or employees of authority. It shall be a misdemeanor for a member of the authority or an officer, agent, servant or employee employed by or appointed by the authority, to be in any way or manner interested, directly or indirectly, as principal, surety or otherwise, in a contract, the expense or consideration whereof is payable out of the funds of the authority.
Terms Used In N.Y. Public Authorities Law 1396
- authority: shall mean the corporation created by section thirteen hundred seventy-eight of this title. See N.Y. Public Authorities Law 1376
- Contract: A legal written agreement that becomes binding when signed.