relating to economic development; clarifying conflict of interest rules for local economic development authorities; providing criminal penalties;
amending Minnesota Statutes 2006, section 469.098.
469.098 CONFLICT OF INTEREST.
Except as authorized in section 471.88 a commissioner, officer, or employee of an authority must not acquire any financial interest, direct or indirect, in any project or in any property included or planned to be included in any project, nor shall the person have any financial interest, direct or indirect, in any contract or proposed contract for materials or service to be furnished or used in connection with any project.
Presented to the governor April 16, 2008
Signed by the governor April 17, 2008, 8:22 a.m.