2005 Idaho Code - 39-1446 — ORGANIZATION MEETING -- CHAIRMAN -- EXECUTIVE DIRECTOR -- SURETY BOND AND CONFLICT OF INTEREST

                                  TITLE  39
                              HEALTH AND SAFETY
                                  CHAPTER 14
                              HEALTH FACILITIES
    39-1446.  ORGANIZATION MEETING -- CHAIRMAN -- EXECUTIVE DIRECTOR -- SURETY
BOND AND CONFLICT OF INTEREST. A member of the authority designated by the
governor shall call and convene the initial organizational meeting of the
authority and shall serve as its chairman pro tem. At such meeting appropriate
by-laws shall be presented for adoption. The by-laws may provide for the
election or appointment of officers and the delegation of certain powers and
duties and such other matters as the authority deems proper. At such meeting
and annually thereafter the authority shall elect one (1) of its members as
chairman and one (1) as vice chairman. It shall appoint an executive director
or secretary and may appoint an associate executive director or associate
secretary, who may but are not required to be members of the authority and who
shall serve at its pleasure. They shall receive such compensation for special
services as shall be fixed by the authority. The executive director or
secretary or associate executive director or secretary, or other person
designated by the authority, shall keep a record of the proceedings thereof
and shall be custodian of all books, documents and papers filed with the
authority, the minute books or journal thereof and its official seal. Said
executive director or secretary or associate executive director or associate
secretary or other person, may cause copies to be made of all minutes and
other records and documents of the authority and may give certificates under
the official seal of the authority to the effect that such copies are true
copies and all persons dealing with the authority may rely on such
certificates. The authority may delegate by resolution to one (1) or more of
its members or to its executive director or secretary or associate executive
director or associate secretary such powers and duties as it may deem proper.
The executive director or secretary shall execute a surety bond in the penal
sum of one hundred thousand dollars ($100,000) or, in lieu thereof, the
chairman of the authority shall execute a blanket bond covering each member,
the executive director or secretary and the employees or other officers of the
authority, each surety bond to be conditioned upon the faithful performance of
the duties of the office or offices covered, to be executed by a surety
authorized to transact business in this state as surety. The cost of each such
bond shall be paid by the authority. Notwithstanding any other law to the
contrary it shall not constitute a conflict of interest for a trustee,
director, officer or employee of any health institution, financial
institution, investment banking firm, brokerage firm, commercial bank or trust
company, architecture firm, insurance company or any other firm, person or
corporation to serve as a member of the authority, provided such trustee,
director, officer or employee shall abstain from deliberation, action and vote
by the authority in each instance where the business affiliation of any such
trustee, director, officer or employee is involved.