Ark. Code Ann. § 14-201-314

Interest of board members in contracts unlawful — Penalty

Acts 1939, No. 95, § 33; 1975, No. 928, § 6; A.S.A. 1947, § 19-4032.

(1) It shall be unlawful for any member of the board of public utilities to be directly or indirectly interested in any contract with the board.

(2) Any member engaging in conduct constituting an offense under this section commits a Class D felony. Further, his office shall thereby become vacant, and he shall forever be ineligible as a member of any board of public utilities created under this subchapter.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.