Ind. Code § 5-1-17.5-23
Director's interest in contracts or in sale or lease of property prohibited
As added by P.L.233-2013, SEC.5.
(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.