§ 2676-r. Code of ethics. 1. Definition. As used in this section the
term "authority employee" shall mean any member, officer, or employee of
the authority.

2. Rule with respect to conflicts of interest. No authority employee
should have any interest, financial or otherwise, direct or indirect, or
engage in any business or transaction or professional activity, or incur
any obligation of any nature, which is in substantial conflict with the
proper discharge of such authority employee's duties in the public
interest.

3. Standards. (a) No authority employee shall accept other employment
which will impair such authority employee's independence of judgment in
the exercise of such authority employee's official duties.

(b) No authority employee shall accept employment or engage in any
business or professional activity which will require such authority
employee to disclose confidential information which such authority
employee has gained by reason of such authority employee's official
position or authority.

(c) No authority employee shall disclose confidential information
acquired by such authority employee in the course of such authority
employee's official duties nor use such information to further such
authority employee's personal interests.

(d) No authority employee shall use or attempt to use such authority
employee's official position to secure unwarranted privileges or
exemptions for such authority employee or others.

(e) No authority employee shall engage in any transaction as
representative or agent of the authority with any business entity in
which such authority employee has a direct or indirect financial
interest that might reasonably tend to conflict with the proper
discharge of such authority employee's official duties.

(f) An authority employee shall not by such authority employee's
conduct give reasonable basis for the impression that any person can
improperly influence such authority employee or unduly enjoy such
authority employee's favor in the performance of such authority
employee's official duties, or that such authority employee is affected
by the kinship, rank, position or influence of any party or person.

(g) An authority employee shall abstain from making personal
investments in enterprises which such authority employee has reason to
believe may be directly involved in decisions to be made by such
authority employee or which will otherwise create substantial conflict
between such authority employee's duty in the public interest and such
authority employee's private interest.

(h) An authority employee shall endeavor to pursue a course of conduct
which will not raise suspicion among the public that such authority
employee is likely to be engaged in acts that are in violation of such
authority employee's trust.

(i) No authority employee employed on a full-time basis nor any firm
or association of which such authority employee is a member nor
corporation a substantial portion of the stock of which is owned or
controlled directly or indirectly by such authority employee, should
sell goods or services to any person, firm, corporation or association
which is licensed or whose rates are fixed by the authority in which
such authority employee serves or is employed.

(j) If any authority employee shall have a financial interest, direct
or indirect, having a value of ten thousand dollars or more in any
activity which is subject to the jurisdiction of a regulatory agency,
such authority employee shall file with the secretary of state a written
statement that such authority employee has such a financial interest in
such activity which statement shall be open to public inspection.

4. Violations. In addition to any penalty contained in any other
provision of law any such authority employee who shall knowingly and
intentionally violate any of the provisions of this section may be
fined, suspended, or removed from office or employment.