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California Law (Last Updated: March 4, 2014) |
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Education Code - EDC |
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Title 3. POSTSECONDARY EDUCATION |
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Division 7. COMMUNITY COLLEGES |
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Part 45. DISTRICTS AND GOVERNING BOARDS |
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Chapter 6. Miscellaneous Provisions |
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ARTICLE 6. Auxiliary Organizations |
Section 72679.
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The provisions of Section 72678 shall not be applicable if any of the following conditions are met:
(a) The contract or transaction is between an auxiliary organization and a member of the board of directors of that auxiliary organization.
(b) The contract or transaction is between an auxiliary organization and a partnership or unincorporated association of which any member of the governing board of that auxiliary organization is a partner or in which he or she is the owner or holder, directly or indirectly, of a proprietorship interest.
(c) The contract or transaction is between an auxiliary organization and a corporation in which any member of the board of directors of that auxiliary organization is the owner or holder, directly or indirectly, of 5 percent or more of the outstanding common stock.
(d) A member of the board of directors of an auxiliary organization is interested in a contract or transaction within the meaning of Section 72677, and without first disclosing such interest to the governing board at a public meeting of the board, influences or attempts to influence another member or members of the board to enter into the contract or transaction.