Vermont Statutes Title 19 Sec. 5b
Terms Used In Vermont Statutes Title 19 Sec. 5b
- Agency: means the Agency of Transportation. See
- Board: means the Transportation Board. See
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes a municipality or State agency. See
- Secretary: means the head of the Agency who shall be a member of the Governor's Cabinet responsible directly to the Governor for the administration of the Agency. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 5b. Conflicts of interest
(a) A person in the employ of or holding any official relation to any company subject to the supervision of the Board or the Agency, or engaged in the management of a company that is subject to the supervision of the Board or Agency, or owning stock, bonds, or other securities in the company, or who is in any manner connected with the operation of a company that is subject to the supervision of the Board or Agency in this State, shall not be a member or Executive Secretary of the Board or Secretary of Transportation.
(b) No person holding the office of member, Executive Secretary of the Board, or Secretary of Transportation, either personally or in connection with a partner or agent, may:
(1) render professional service for or against or make or perform any business contract with any company subject to Board or Agency supervision, relating to the business of the company, except contracts made with them as common carriers or in the regular course of public service; or
(2) directly or indirectly receive from a company subject to Board or Agency supervision any commission, present, or reward. (Added 1985, No. 269 (Adj. Sess.), § 1.)