TCA § 13-20-410 — Interest of commissioners or employees in contracts

All commissioners, officers and employees of housing authorities are subject to the conflict of interest provisions contained in §§ 12-4-101 and 12-4-102 . Acts 1935 (Ex. Sess.), ch. 20, § 7; C. Supp. 1950, § 3647.6 (Williams, § 3647.7); T.C.A. (orig. ed.), § 13-910; Acts 1998, ch. 947, §§ 1, 2. NOTES TO DECISIONS 1. Dual Board Membership. 1. Dual Board Membership. The fact that officers of two major Nashville banks were also trustees of Vanderbilt University which was planning an urban renewal project while other officers of the same banks were board members of the Nashville Housing Authority did not violate this section as there was no evidence that these men were acting for their own pecuniary interest. Adair v. Nashville Housing Authority, 388 F. Supp. 481, 1974 U.S. Dist. LEXIS 12004 (M.D. Tenn. 1974), aff'd, Gardner v. Nashville Housing Authority of Metropolitan Government, 514 F.2d 38, 1975 U.S. App. LEXIS 15225 (6th Cir. Tenn. 1975). In a suit challenging an urban renewal project, there was no conflict of interest on the part of members of the housing authority who were also officers of a bank, where the chancellor of a university affected by redevelopment project was a director of the Federal Reserve Bank, and where fellow bank officers of the housing authority members were also members of the university's board of trustees. Gardner v. Nashville Housing Authority of Metropolitan Government, 514 F.2d 38, 1975 U.S. App. LEXIS 15225 (6th Cir. Tenn. 1975), cert. denied, Gardner v. Nashville Housing Authority etc., 423 U.S. 928 , 96 S. Ct. 274 , 46 L. Ed. 2 d 255, 1975 U.S. LEXIS 3171 (1975).