There is a newer version of the New York Consolidated Laws
2006 New York Code - Interest In Contracts Prohibited.
§ 1045-w. Interest in contracts prohibited. It shall be a misdemeanor for any member or any officer, agent, servant or employee of the authority or of the water board to be in any way or manner interested, directly or indirectly in the furnishing of work, materials, supplies or labor, or in any contract therefor which the authority or the board, as the case may be, is empowered by this title to make.
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