(A) Members of the Board, officers and employees of the CRD, their spouses, their children, their parents, their brothers and sisters and their children are prohibited from having or acquiring any contract or any direct pecuniary interest in any contract which will be wholly or partially performed by the payment of funds or the transfer of property of the CRD. Any firm, partnership, association or corporation from which any member of the Board, officer or employee of the CRD is entitled to receive more than 7.5% of the total distributable income, is prohibited from having or acquiring any contract or direct pecuniary interest in any contract which will be performed in whole or in part by payment of funds or the transfer of property of the CRD.
(B) Any firm, partnership, association or corporation from which members of the Board, officers, employees of the CRD, their spouses, their children, their parents, their brothers and sisters and their children are entitled to receive in the aggregate more than 15% of the total distributable income is prohibited from having or acquiring any contract or direct pecuniary interest in any contract which will be performed in whole or in part by the payment of funds or the transfer of property of the CRD. Nothing in this section invalidates the provisions of any bond or security hereto or hereafter offered for sale or sold by or for the CRD.
(C) As provided in the common grant rules and in the Federal Transit Administration (“FTA”) Master Agreement, no employee, officer, agent or board member, or his or her immediate family member, partner or organization that employs or is about to employ any of the foregoing individuals, may participate in the selection, award or administration of a contract supported with FTA assistance if a conflict of interest, real or apparent, would be involved. Such a conflict would arise when any of those individuals previously listed has a financial or other interest in the firm selected for award.
(Res. MET 19-03, passed 3-20-2019)