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NYS Comptroller

THOMAS P. DiNAPOLI

The Academy for New York State's Local Officials

Protecting the Public’s Interest: A Tutorial on Local Government Ethics and Transparency in New York State

Module 1 - Conflict of Interest of Municipal Officers and Employees

Additional Prohibitions - Designations of Banks or Trust Companies

In addition to prohibiting interests in contracts under certain circumstances, Article 18 also prohibits a chief fiscal officer (CFO), treasurer, or his or her deputy or employee from having an interest in a bank or trust company designated as a depository, paying agent, registration agent, or for the investment of funds, unless a statutory exception applies.

Let's listen to what Mark has to say about the special rules applying to CFOs, treasurers, and their staff.

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(Text for Video - Designations of Banks or Trust Companies)

The following three-step analysis will determine whether the exception applies:

  Next: Step 1