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99.730 Acquisition by certain employees prohibited -- Disclosure of previous interest required -- Payment under eminent domain proceedings.

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99.730 Acquisition by certain employees prohibited -- Disclosure of previous interest required -- Payment under eminent domain proceedings. No officer or employee of a city of any class, county containing a city of the first class, or <br>consolidated local government, or of the vacant property review commission, who in the <br>course of his or her duties is required to participate in the determination of property blight <br>or deterioration or the issuance of notices on code violations which may lead to a <br>determination of blight or deterioration, shall acquire any interest in any property declared <br>to be blighted or deteriorated. If any such officer or employee owns or has financial <br>interest, direct or indirect, in any property certified to be blighted or deteriorated, he or <br>she shall immediately disclose, in writing, such interest to the commission and to the <br>legislative body and such disclosure shall be entered in the minutes of the commission <br>and of the legislative body. Failure to so disclose such interest shall constitute misconduct <br>in office. No payment shall be made to any officer or employee for any property or <br>interest therein acquired by the city of any class, consolidated local government, or county <br>containing a city of the first class from such officer or employee unless the amount of <br>such payment is fixed by court order in eminent domain proceedings, or unless payment <br>is unanimously approved by the legislative body. Effective: July 13, 2004 <br>History: Amended 2004 Ky. Acts ch. 76, sec. 8, effective July 13, 2004. -- Amended 2002 Ky. Acts ch. 346, sec. 131, effective July 15, 2002. -- Amended 1988 Ky. Acts <br>ch. 170, sec. 7, effective July 15, 1988. -- Created 1984 Ky. Acts ch. 248, sec. 7, <br>effective July 13, 1984.