347.15  Pecuniary interest prohibited--exceptions.

A trustee shall not have, directly or indirectly, any pecuniary interest in the purchase or sale of any commodities or supplies procured for or disposed of by a county hospital. This section does not apply to a purchase or sale of commodities or supplies which benefits a trustee if the benefit to the trustee does not exceed one thousand five hundred dollars in a fiscal year or to a purchase or sale made by a trustee of the board of hospital trustees through competitive bid which is issued in written form and is publicly invited and opened.

Section History: Early form

  [S13, § 409-d; C24, 27, 31, 35, 39, § 5361; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 347.15]

Section History: Recent form

  94 Acts, ch 1135, §1

Internal References

  Referred to in § 331.342

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