Section 9-7-119 - Conflicts of interest(a) The authority shall not purchase from, sell to, borrow from, loan to, contract with or otherwise deal with any corporation, trust, association, partnership or other entity in which any director of the authority has a financial interest. This section does not prohibit the buying, selling or placing of mortgage loans with financial institutions in which a director has a financial interest. The financial interest shall be disclosed in the minutes of the authority. (b) Repealed by Laws 1988, ch. 87, § 3. (c) Repealed by Laws 1988, ch. 87, § 3.