Connecticut General Statutes 7-233o – Conflict of interest
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No representative, officer or employee of a municipal electric energy cooperative shall have or acquire any personal interest, direct or indirect, in any project or in any property included or planned to be included in any project or in any contract or proposed contract for materials or services to be furnished to or used by the municipal electric energy cooperative, but neither the holding of any office or employment in the government of any municipal electric utility or in any municipal electric energy cooperative under any law of the state nor the owning of any property within the state shall be deemed a disqualification for representation on or employment by a municipal electric energy cooperative.
Terms Used In Connecticut General Statutes 7-233o
- Contract: A legal written agreement that becomes binding when signed.
- Electric utility: means any electric public service company, as defined in section 16-1. See Connecticut General Statutes 7-233b
- Project: means any plant or plants, hydro plants, works, system, facilities, or real or personal property, together with all parts thereof and appurtenances thereto, used or useful in connection with the generation, production, transmission, purchase, sale, exchange or interchange of electric power or energy, or any interest therein or right to capacity thereof. See Connecticut General Statutes 7-233b