Section 5-1110 - Conflicts of interestA. The members of the authority board are subject to title 38, chapter 3, article 8, relating to conflicts of interest, including the penalties prescribed by section 38-510.B. A member of the board of directors shall not have any direct or indirect financial interest in any: 1. Property owned, purchased or constructed by the district.2. Contract entered into by the district.3. Private corporation or other entity with which the district contracts.If a majority of the qualified electors voting on the issue in the first election held pursuant to section 5-1103, Arizona Revised Statutes, as added by this act, reject the levy of taxes and issuance of bonds for the purposes of establishing a sports authority district, title 5, chapter 9, Arizona Revised Statutes, as added by this act, is repealed.