REQUESTED BY: Joe E. Hanna, Secretary, Board of Education, Omaha School District.
QUESTION: (1) If a school board enters into a contract with a corporation, a wholly-owned subsidiary of that corporation, or a separate entity selling the products of that corporation, does a board member who is the holder of stock in that corporation worth more than $10,000 but which represents less than a 5% equity interest in that corporation have a prohibited interest in the contract between the school board and the corporation?
CONCLUSION
No
FACTS