No member of the Board who has any personal or financial interest, as said terms are defined hereinbelow, shall participate in any decision or have access to any information germane to any matter or matters in which he/she has a personal or financial interest. For purposes of this section, 'financial interest' means the direct or indirect ownership, be it legal or equity, of an individual or member of his/her family unit that is not de minimis. 'Personal interest' means any personal, family, or business relationship that could be construed to affect the objectivity of a Board member. The term 'family member' means the spouse, children, dependents, those that share a person’s legal residence, or whose financial affairs are under the control, de jure or de facto, of said person. The Board may implement a public policy on conflict of interests to enforce the provisions of this section. History —Aug. 26, 2004, No. 230, added as § 8 on July 13, 2011, No. 141, § 2.
Puerto Rico Legal Code