SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

1994 SESSION

  • | print version

HB 466 State and Local Government Conflict of Interests Act; definitions.

Introduced by: Alan E. Mayer | all patrons    ...    notes | add to my profiles

SUMMARY:

State and Local Government Conflict of Interests Act; definitions. Revises the definition of a "personal interest in a transaction" with respect to the exemption for any elected member of a local governing body who serves without pay on the board of trustees for a not-for-profit entity. The revision narrows the exemption so that it applies only when the member and persons in his immediate family have no personal interest (through income or ownership) in the entity. The present law applies the exemption in such cases but requires the member to disclose any personal benefit to him when he participates in a transaction involving the entity.


FULL TEXT

HISTORY