Section 0770-01-05-.05 - CONFLICT OF INTEREST(1) No present or former member or officer of the THDA or any subcontract agency, no employee of the THDA or any subcontract agency who formulates policy or influences decisions with respect to the Section 8 Programs, and no public official or member of a governing body or State or local legislator who exercises functions or responsibilities with respect to the Section 8 Programs may have any direct or indirect interest in a housing assistance payment contract or any proceeds or benefits arising from such a contract as a participant or owner during this person's tenure or for one year thereafter.(2) No member of or delegate to the U.S. Congress will be accepted as a participant or owner in the programs or allowed to receive any benefits that may arise from it.(3) The THDA reserves the right to request a waiver of the above requirement from HUD if the circumstances indicate that a waiver is warranted.Tenn. Comp. R. & Regs. 0770-01-05-.05
Original rule filed May 16, 1980; effective June 30, 1980. Repeal and new rule filed September 28, 2004; effective December 12, 2004. Repeal and new rule filed June 4, 2015; effective 9/2/2015.Authority: T.C.A. §§ 13-23-104, 13-23-115(18), 42 USC §§ 1437, and 24 CFR, Part 982.