8164

Any official of a government entity who knowingly executes a covered contract that is exempt from the application of the regulations or of this chapter may be penalized through sanctions that may include from a warning to removal from office. The Bank, at its discretion, may recommend that the Governor apply the sanction that is appropriate to the circumstances of the unauthorized execution. Such official shall also be personally liable for the payment of all public funds disbursed under such covered contract that have not been recovered by the government entity when the public official has demonstrated gross negligence in his/her actions in executing the covered contract.\nHistory —Sept. 3, 2003, No. 265, § 5.