§ 41.46 Disclosure by members, officers and employees.

In the event that an agency licensed by the office for people with
developmental disabilities, the office of mental health or the office of
alcoholism and substance abuse services enters into an agreement or has
entered into an agreement for the purchase, lease, rehabilitation or
improvement of real property or a cooperative share in real property,
any employee who receives an annual salary in excess of thirty thousand
dollars, or any board member, or officer of such agency who has a direct
or indirect interest either financial or beneficial in such property
including the interest of any person for whom he or she is related by
consanguinity or affinity, shall disclose such interest prior to the
making of such agreement or at the time of acquisition of such interest.
Disclosure pursuant to this section shall be made in writing to the
board of directors of such agency and shall indicate the material facts
as to the member's, officer's, employee's or relative's interest in such
property or cooperative share. Such disclosure shall be filed with the
secretary of the corporation and entered on the minutes of a meeting of
the board. Such disclosure shall also be forwarded in writing to the
appropriate commissioner and to the director of community services of
the local governmental unit within which the property or cooperative
share is located prior to the approval of public funding related to the
property or cooperative share which is the subject of disclosure made
pursuant to this section or at the time of the acquisition of such
interest, whichever occurs later.