Disclosure by member of Authority of interest in proposed contract.
8.—A member of the Authority who has—
(a) any interest in any company or concern with which the Authority proposes to make any contract, or
(b) any interest in any contract which the Authority proposes to make,
shall disclose to the Authority the fact of the interest and the nature thereof, and shall take no part in any deliberation or decision of the Authority relating to the contract, and the disclosure shall be recorded in the minutes of the Authority.
