17D-5-203. Board of trustees -- Conflict of interest -- Compensation.
(1) A board member with a personal investment described in Sectionis not in violation of Sectionif: 67-16-9 67-16-9 before beginning service as a board member, the board member complies with the disclosure requirements of Section, as though that section applied to the board member's ownership of a personal investment described in Section; and 67-16-7 67-16-9 during the board member's service, the board member complies with: the disclosure requirements of Section, as provided in Subsection, upon any significant change in the board member's personal investment; and 67-16-7 (1)(a) applicable requirements of this part and the governing document.
(2) An infrastructure financing district may not compensate a board member for the member's service on the board unless the board member is a resident within the boundary of the infrastructure financing district.