Section 2429-F. Special provisions relating to directors of the agency

The
  agency may 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  agency  has  a  financial
  interest,  direct  or  indirect,  provided  that  (1)  such  interest is
  disclosed to the board prior to the consummation  of  such  transaction,
  (2)  such disclosure is recorded in the minutes of the agency and (3) no
  director having  such  a  financial  interest  may  participate  in  any
  decision affecting such transaction.