(A) The KTHA shall submit an annual report, signed by the Chairperson of the Committee, to the Council showing (1) a summary of the year’s activities, (2) the financial condition of the KTHA, (3) a copy of the KTHA annual performance report, (4) a copy of the KTHA annual audit, and (5) such other information as the KTHA or the Council deems pertinent.

(B) During her/his tenure and for one (1) year thereafter, no Committee member, officer or employee of the KTHA, or any member of any governing body of the Tribe, or any other public official who exercises any responsibilities or functions with regard to the project, shall voluntarily acquire any interest, direct or indirect, in any project or in any property included or planned to be included in any project, unless prior to such acquisition, she/he discloses her/his interest in writing to the KTHA and such disclosure is entered upon the minutes of the KTHA, and the Committee member, officer or employee shall not participate in any action by the KTHA relating to the property or contract in which she/he has any such interest. If any Committee member, officer or employee of the KTHA involuntarily acquired any such interest, or voluntarily or involuntarily acquired any such interest prior to appointment or employment as a Committee member, officer or employee, in any such event, shall immediately disclose her/his interest in writing to the KTHA; and such disclosure shall be entered upon the minutes of the KTHA, and the Committee member, officer or employee shall not participate in any action by the KTHA relating to the property or contract in which she/he has any such interest. Any violation of the foregoing provisions of this section shall constitute misconduct in office. This section shall not be applicable to the acquisition of any interest in obligations of the KTHA issued in connection with any project, or to the execution of agreements by banking institutions for the deposit or handling of funds in connection with a project or to act as trustee under any trust indenture, or to utility services the rates for which are fixed or controlled by a governmental agency, or to membership on the Committee.

(C) Each project developed or operated under a contract providing for federal financial assistance shall be developed and operated in compliance with all requirements of such contract and applicable federal legislation, with all regulations and requirements prescribed by the federal government in connection with such assistance.

(D) The KTHA shall obtain or provide for the obtaining of adequate fidelity bond handling cash, or authorized to sign checks or certify vouchers.

(E) The KTHA shall not construct or operate any project for profit except as allowable under federal regulations.

(F) The property of the KTHA is declared to be public property used for essential public and governmental purposes and such property and the KTHA are exempt from all taxes and special assessments of the Tribe.

(G) All property including funds acquired or held by the KTHA pursuant to this chapter shall be exempt from levy and sale by virtue of an execution, and no execution other than judicial process shall issue against the same nor shall any judgment against the KTHA to be a charge or lien upon such property. However, the provisions of this section shall not apply to or limit the right of the KTHA to bring eviction actions. [Ord. 2 Art. VI, 9/7/2005.]