5-1-17.5-23. Director's interest in contracts or in sale or lease of property prohibited

IN Code § 5-1-17.5-23 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 23. (a) A director of the commission who knowingly has an interest:

(1) in any contract with the commission; or

(2) in the sale or lease of any real or personal property to the commission;

commits a Class A misdemeanor. All such contracts or leases are void.

(b) This section does not apply to contracts for purchases of property, real or personal, between the commission and:

(1) the authority;

(2) any political subdivision; or

(3) any department or agency of the state.

As added by P.L.233-2013, SEC.5.