Conflicts of Interest of Municipal Officers and Employees
Except as provided in section eight hundred two of this chapter, (1) no municipal officer or employee shall have an interest in any contract with the municipality of which he is an officer or employee, when such officer or employee, individually or as a member of a board, has the power or duty to (a) negotiate, prepare, authorizeor approve the contract or authorize or approve payment thereunder (b) audit bills or claims under the contract, or (c) appoint an officer or employee who has any of the powers or duties set forthabove and (2) no chief fiscal officer, treasurer, or his deputy or employee, shall have an interest in abank or trust company designated as a depository, paying agent, registration agent or for investment of funds of the municipality of which he is anofficer or employee.
