N.Y. Public Authorities Law 714 – Members and employees not to be interested in transactions
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§ 714. Members and employees not to be interested in transactions. It shall be a misdemeanor, punishable by fine or imprisonment, for any members of the board or any clerk, employee, architect, surveyor, engineer or superintendent appointed by the authority to be in any way or manner interested, directly or indirectly, in furnishing materials, supplies or labor for the erection of a project or in any contract which such authority is empowered by this chapter to make.
Terms Used In N.Y. Public Authorities Law 714
- authority: shall mean the corporation created by section seven hundred two of this chapter. See N.Y. Public Authorities Law 701
- board: shall mean the members of the authority. See N.Y. Public Authorities Law 701
- Contract: A legal written agreement that becomes binding when signed.