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Current as of January 01, 2024 | Updated by FindLaw Staff
No officer, member or employee of the authority shall be financially interested, directly or indirectly, in any contract of any person with the authority, or in the sale of any property, real or personal, to or from the authority. This section does not apply to contracts or purchases of property, real or personal, between the authority and any governmental agency. If any officer, member or employee of the authority has such financial interest in a contract or sale of property prohibited hereby, he shall be guilty of a misdemeanor, and, upon conviction thereof, shall be fined not more than one thousand dollars, or imprisoned in the county jail not more than one year, or both fined and imprisoned.
Cite this article: FindLaw.com - West Virginia Code Chapter 5D. Public Energy Authority Act § 5D-1-19. Financial interest in contracts prohibited; penalty - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-5d-public-energy-authority-act/wv-code-sect-5d-1-19/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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