(65 ILCS 5/11-74.2-13) (from Ch. 24, par. 11-74.2-13)
Sec. 11-74.2-13.
No member of the corporate authority or employee of a
municipality subject to this Division shall acquire any interest direct or
indirect in any redevelopment area or in any property included or planned
to be included in any redevelopment area. Nor shall they have any interest
direct or indirect in any contract or proposed contract in connection with
any such redevelopment area. If any such member or employee owns or
controls an interest direct or indirect in any property included in any
redevelopment area he shall disclose the same in writing to the
municipality and such disclosure shall be entered upon the minute books of
the municipality.
(Source: Laws 1967, p. 3213.)
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