17-4758.   Acquisition of interest in project by public officials,commissioners or employees; disclosures; holding other publicoffice; violation of section, effect.No public official or employee of a municipality (or board or commissionthereof), and no commissioner or employee of an urban renewal agencywhich has been vested by a municipality with urban renewal projectpowers under K.S.A. 17-4756 shall voluntarily acquire anyinterest, direct or indirect, in any urban renewal project, or in anyproperty included or planned to be included in any urban renewal projectof such municipality or in any contract or proposed contract inconnection with such urban renewal project. Where such acquisition isnot voluntary, the interest acquired shall be immediately disclosed inwriting to the local governing body and such disclosure shall be enteredupon the minutes of the governing body.

      If any such official, commissioner or employee presently owns orcontrols or owned or controlled within the preceding two (2) years, anyinterest, direct or indirect, in any property which he knows is includedor planned to be included in an urban renewal project, he shallimmediately disclose this fact in writing to the local governing body,and such disclosure shall be entered upon the minutes of the governingbody, and any such official, commissioner or employee shall notparticipate in any action by the municipality (or board or commissionthereof), or urban renewal agency affecting such property.

      Any disclosure required to be made by this section to the localgoverning body shall concurrently be made to an urban renewal agencywhich has been vested with urban renewal project powers by themunicipality pursuant to the provisions of K.S.A. 17-4756. Nocommissioner or other officer of any urban renewal agency, board orcommission exercising powers pursuant to this act shall hold any otherpublic office under the municipality other than his commissionership oroffice with respect to such urban renewal agency, board or commission.Any violation of the provisions of this section shall constitutemisconduct in office.

      History:   L. 1955, ch. 86, § 17; June 30.