N.Y. Public Authorities Law § 2795: Code of ethics

§ 2795. Code of ethics. 1. Definition. As used in this section the

term "authority employee" shall mean any member, officer or employee of

the authority.

2. Rule with respect to conflicts of interest. No authority employee

should have any interest, financial or otherwise, direct or indirect, or

engage in any business or transaction or professional activity or incur

any obligation of any nature, which is in substantial conflict with the

proper discharge of his or her duties in the public interest.

3. Standards.

a. No authority employee should accept other employment which will

impair his or her independence of judgment in the exercise of his or her

official duties.

b. No authority employee should accept employment or engage in any

business or professional activity which will require the employee to

disclose confidential information which he or she has gained by reason

of his or her official position or authority.

c. No authority employee should disclose confidential information

acquired by the employee in the course of his or her official duties nor

use such information to further his or her personal interests.

d. No authority employee should use or attempt to use his or her

official position to secure unwarranted privileges or exemptions for

himself or herself or others.

e. No authority employee should engage in any transaction as

representative or agent of the authority with any business entity in

which he or she has a direct or indirect financial interest that might

reasonably tend to conflict with the proper discharge of his or her

official duties.

f. An authority employee should not by his or her conduct give

reasonable basis for the impression that any person can improperly

influence such employee or unduly enjoy his or her favor in the

performance of his or her official duties, or that he or she is affected

by the kinship, rank, position or influence of any party or person.

g. An authority employee should abstain from making personal

investments in enterprises which he or she has reason to believe may be

directly involved in decisions to be made by the employee or which will

otherwise create substantial conflict between his or her duty in the

public interest and his or her private interest.

h. An authority employee should endeavor to pursue a course of conduct

which will not raise suspicion among the public that he or she is likely

to be engaged in acts that are in violation of his or her trust.

i. No authority employee employed on a full-time basis nor any firm or

association of which such an employee is a member nor corporation a

substantial portion of the stock of which is owned or controlled

directly or indirectly by such employee, should sell goods or services

to any person, firm, corporation or association which is licensed or

whose rates are fixed by the authority in which such employee serves or

is employed.

j. If any authority employee shall have a financial interest, direct

or indirect, having a value of ten thousand dollars or more in any

activity which is subject to the jurisdiction of a regulatory agency, he

or she should file with the secretary of state a written statement that

he or she has such a financial interest in such activity which statement

shall be open to public inspection.

4. Violations. In addition to any penalty contained in any other

provision of law any such authority employee who shall knowingly and

intentionally violate any of the provisions of this section may be

fined, suspended or removed from office or employment.