Quote:
Originally Posted by iaudit
It is obvious that you do not know what conflict of interest means. How exactly does one position have any influence or financial benefit from the other.
A better example of conflict of interest would be the developer who appoints all the supervisors for the central districts and then the supervisors determine what the developer gets paid when the amenity facilities are bought by the central districts. Most or all of the appointed supervisors are employees or associates of the developer. Now that is a conflict.
|
Exactly. And that relationship is what the IRS focused on when it banned future issuance of tax-exempt bonds by those center districts.