N.Y. General Municipal Law § 804-a: Certain interests prohibited

§ 804-a. Certain interests prohibited. No member of the governing

board, of a municipality shall have any interest in the development or

operation of any real property located within Nassau County and

developed or operated by any membership corporation originally formed

for purposes among which are the following:

1. to plan for, advise, recommend, promote and in all ways encourage,

alone or in concert with public officials and bodies and interested

local associations, the development and establishment of any lands in

Nassau County publically owned with particular emphasis on industrial,

business, commercial, residential and public uses, the augmention of

public revenues and furtherance of the public interest of the citizens

of Nassau County;

2. to conduct studies to ascertain the needs of Nassau County as

pertains to such publically owned lands and supporting facilities and in

Nassau County generally for the purpose of aiding the County of Nassau

in attracting new business, commerce and industry to it and in

encouraging the development and retention of business, commerce and

industry;

3. to relieve and reduce unemployment, promote and provide for

additional and maximum employment, better and maintain job opportunities

and instruct or train individuals to improve or develop their

capabilities for such jobs;

4. to implement and engage itself in plans of development of such

publically owned lands and other areas in connection with private

companies and citizens and with public bodies and officials, and to

participate in such operations, leaseholds, loans, ownerships with

respect to land, buildings or public facilities or interest therein as

may be lawful and desirable to effectuate its corporate purposes and the

best interests of the people of Nassau County.