(a) Former board members or their staff shall not participate in any contract with MTA for a period of 12 months after leaving the board.
(b) For a period of 12 months after the board member has left the board, MTA shall not contract with any profit-making firm or business in which the former board member or member of their staff is an officer, principal, partner, or shareholder who owns more than 10 percent of the firm or business.