1523 PARTIES IN INTEREST

1523.1 Any Board member or member of the staff who knows that any proposed action of the Board would constitute a prohibited transaction under §181(c) of the District of Columbia Retirement Reform Act of 1979, D.C. Code §1-741(c) (2001) by reason of the status of any Board member, his or her spouse, ancestor, lineal descendant, or the spouse of his or her lineal descendant, as a party in the interest as defined by §102(9) of the District of Columbia Retirement Reform Act of 1979, D.C. Code § 1-702(9) (2001) shall disclose this information in writing to the Chairman.

1523.2 In circumstances where time prohibits a written communication, the member or staff person may orally inform the Board. A written statement setting forth the oral representation shall be delivered to the Chairman or Executive Director within three (3) business days of the oral representation.

SOURCE: Notice of Final Rulemaking published at 49 DCR 10806 (November 29, 2002).