§206-3  Interested members, officers or

employees.  No member of the board of land and natural resources or officer

or employee administering this chapter shall acquire any interest, direct or

indirect, in any development project or in any property included or planned to

be included in any development project other than by gift, devise, or

inheritance; nor shall the member, officer, or employee have or acquire any

interest, direct or indirect, in the financing of any development project or in

any contract or proposed contract for materials or services to be furnished or

used in connection with or relating to any development project.  If any member,

officer, or employee has or acquires an interest, by gift, devise, or

inheritance, direct or indirect, in any development project or in any property

included or planned to be included in any development project, the member,

officer, or employee shall immediately disclose the same in writing to the

board and the disclosure shall be entered upon the minutes of the board; and

the member, officer, or employee shall dispose of the interest within six

months of the acquisition or initiation of the project, whichever shall last

occur.  The member, officer, or employee shall not participate in any action by

the board relating to the property, project, or contract in which the member,

officer, or employee has or acquires any interest.  Violation of this section

shall constitute, in case of the member or officer, misconduct in office or, in

case of an employee, cause for dismissal. [L 1961, c 6, §4; Supp, §98J-4; HRS

§206-3; gen ch 1985]