Section 0400-45-10-.03 - CONFLICT OF INTEREST(1) The board shall create a conflict of interest policy governing conflicts of interests that requires board members to avoid conflicts of interest, identifies specific actions that are prohibited to be taken by a board member and, if a matter is considered by the board in which a member of the board has a conflict of interest, mandates disclosure that a conflict exists and recusal from the matter by the board member.(2) Each board member during the first meeting of the board each calendar year, or the member's first attendance of a board meeting of the calendar year, shall: (a) Make a written disclosure of financial interests or other interests that the board member reasonably anticipates have potential to become a conflict of interest;(b) Acknowledge in writing that the board member has read and understands all aspects of the board's conflict of interest policy; and(c) State as a condition of serving as a board member that he or she is not in conflict with the conditions of the board's conflict of interest policy.Tenn. Comp. R. & Regs. 0400-45-10-.03
Original rule filed June 19, 2015; effective 9/17/2015.Authority: T.C.A. §§ 69-10-107(d) and (e) and 4-5-201 et seq.