Georgia § 8-3-52 - Disclosure and abstention requirements for interested commissioners and employees.
Full text of Georgia Official Code of Georgia Annotated § 8-3-52 — Disclosure and abstention requirements for interested commissioners and employees., with citation guidance and answers to common questions.
§ 8-3-52. Disclosure and abstention requirements for interested commissioners and employees.
No commissioner or employee of the authority shall voluntarily acquire any 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 in connection with any project. Where the acquisition is not voluntary, such commissioner or employee shall immediately disclose such interest in writing to the authority and such disclosure shall be entered upon the minutes of the authority. Upon such disclosure, such commissioner or employee shall not participate in any action by the authority involving such project, property, or contract, respectively. If any commissioner or employee of the authority previously owned or controlled an 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 in connection with any project, he shall immediately disclose such interest in writing to the authority and such disclosure shall be entered upon the minutes of the authority. Upon such disclosure, such commissioner or employee shall not participate in any action by the authority involving such project, property, or contract, respectively. A commissioner shall not participate in any action concerning the employment to a remunerative position of the person who appointed said commissioner to office. In the selection of a depository for funds of the authority, any commissioner who has a financial interest in the depository under consideration shall disclose his interest and abstain from taking any part in the consideration of or voting on the selection of the depository. Any violation of this Code section shall constitute misconduct in office. This Code section shall not be applicable to the acquisition of any interest in notes or bonds of the authority issued in connection with any project, or to the execution of agreements by banking institutions for the deposit or handling of funds in connection with a project, or to agreements by such institutions to act as trustee under any trust indenture. (Ga. L. 1937, p. 210, § 6; Ga. L. 1951, p. 219, § 4; Ga. L. 1982, p. 906, §§ 2, 3.) Cross references. - Conflicts of interest involving state officers and employees, § 45-10-20 et seq.
Frequently Asked Questions About Georgia § 8-3-52
What does Official Code of Georgia Annotated § 8-3-52 cover?
Section 8-3-52 ("Disclosure and abstention requirements for interested commissioners and employees.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 8-3-52?
A common citation format is "Official Code of Georgia Annotated § 8-3-52" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 8-3-52 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.