Title 9 Part 1934

The following are restricted from holding voting board membership, serving as officers of the eligible applicant and/or staff management positions, except where otherwise required by statute:

The following shall not receive any compensation whatsoever from an eligible applicant, directly or indirectly, for services or goods rendered to such organization unless the goods or services are provided pursuant to an award or contract let, unless otherwise required, after a good faith effort to obtain competitive prices is made, the results of which were reported in writing prior to the award of the contract and were approved by the corporation which approval shall be based on comparison to arm's length transactions and the needs of the project:

These provisions apply to all persons and entities whether or not their involvement with, or compensation from, an eligible applicant is related to the project funded pursuant to this program.

All or some of the provisions of sections 1934.1 and 1934.2 of this Part may be waived by the corporation if, in its discretion, it determines that:

The provisions of section 1934.2 of this Part shall not apply to individual occasions of compensation for goods or services rendered which do not exceed $2,500 unless the accumulation of said compensation should exceed $2,500 within a year.