(310 ILCS 10/5) (from Ch. 67 1/2, par. 5)
Sec. 5.
No commissioner or employee of an Authority shall acquire any
interest direct or indirect in any project or in any property included
or planned to be included in any project, nor shall he have any interest
direct or indirect in any contract or proposed contract for materials or
services to be furnished or used in connection with any project. If any
commissioner or employee of any Authority owns or controls an interest
direct or indirect in any property included in any project, which was
acquired prior to his appointment or employment, he shall disclose the
same in writing to the Authority and such disclosure shall be entered
upon the minutes of the Authority.
Nothing contained in this Act or in any other law shall be construed
to preclude a tenant of an Authority from serving as an appointed
commissioner of that Authority. No part of this Act or any other law shall
be construed in such a way as to inhibit the tenant commissioner
in the lawful exercise of the powers and duties of his or her office.
(Source: P.A. 87-657.)
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