(70 ILCS 2605/11.18) (from Ch. 42, par. 331.18)
Sec. 11.18. The board of trustees is expressly authorized to establish a
revolving fund to enable the director of procurement and materials management to purchase items of common
usage in advance of immediate need. The revolving fund shall be reimbursed
from appropriations of the using agencies. No officer or employee of a
sanitary district organized pursuant to this Act shall be financially
interested, directly or indirectly, in any bid, purchase order, lease or
contract to which such sanitary district is a party. For purposes of this
Section an officer or employee of the sanitary district is deemed to have
a direct financial interest in a bid, purchase order, lease or contract
with the district, if the officer or employee is employed by the district
and is simultaneously employed by a person or corporation that is a party
to any bid, purchase order, lease or contract with the sanitary district.
Any officer or employee convicted of a violation of this section shall
forfeit his office or employment and in addition shall be guilty of a Class
4 felony.
(Source: P.A. 95-923, eff. 1-1-09.)
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