1164

If a matter is brought before the Board in which a trustee, personally, or through a family or business relationship has a director or indirect pecuniary interest, including but not limited to decisions of the Board regarding the investment of those assets which constitute part of the Permanent Fund; in any obligation or proprietary deposit in a bank, corporation, partnership, or any other person, in whom the monetary interest of said trustee is involved, said trustee must then state, for the record, that he/she has said monetary interest and shall not vote nor participate in said matter. None of the above shall be construed to prohibit the participation or vote of a trustee in matters related to the general investment norms of the Permanent Olympic Trust Fund.\nHistory —June 12, 1992, No. 12, § 14.