Iowa Admin. Code r. 657-29.2

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 657-29.2 - Conditions of consent for board members

Consent shall be given by a majority of the members of the board. Consent shall not be given to a board member to sell goods or services to an individual, association, or corporation regulated by the board unless all of the following conditions are met:

(1) The board member requesting consent does not have authority to determine whether consent should be given.

(2) The board member's duties or functions are not related to the board's regulatory authority over the individual, association, or corporation to whom the goods and services are being sold, or the selling of the good or service does not affect the board member's duties or functions.

(3) The selling of the good or service does not include acting as an advocate on behalf of the individual, association, or corporation to the board.

(4) The selling of the good or service does not result in the board member selling a good or service to the board on behalf of the individual, association, or corporation.

Iowa Admin. Code r. 657-29.2