Section 41.46. Disclosure by members, officers and employees

In  the  event  that  an  agency  licensed  by  the  office  of mental
  retardation and developmental disabilities, the office of mental  health
  or  the office of alcoholism and substance abuse services enters into an
  agreement or has entered into an  agreement  for  the  purchase,  lease,
  rehabilitation or improvement of real property or a cooperative share in
  real  property,  any employee who receives an annual salary in excess of
  thirty thousand dollars, or any board member, or officer of such  agency
  who  has a direct or indirect interest either financial or beneficial in
  such property including the interest of any person for whom he or she is
  related by consanguinity or affinity, shall disclose such interest prior
  to the making of such agreement or at the time of  acquisition  of  such
  interest.   Disclosure pursuant to this section shall be made in writing
  to the board of directors of such agency and shall indicate the material
  facts as to the member's, officer's, employee's or  relative's  interest
  in  such  property  or cooperative share. Such disclosure shall be filed
  with the secretary of the corporation and entered on the  minutes  of  a
  meeting of the board. Such disclosure shall also be forwarded in writing
  to  the  appropriate  commissioner  and  to  the  director  of community
  services of the local governmental unit within  which  the  property  or
  cooperative  share  is  located  prior to the approval of public funding
  related to the property or cooperative share which  is  the  subject  of
  disclosure  made  pursuant  to  this  section  or  at  the  time  of the
  acquisition of such interest, whichever occurs later.