Applicability of 18 U.S.C. § 208 to Proposed Appointment of Government Official to the Board of Connie Lee: Memorandum Opinion for the Assistant General Counsel, Department of the Treasury [June 22, 1994] [open pdf - 28KB]
"This memorandum is in response to your request of May 23, 1994, for an opinion as to whether the Deputy Assistant Secretary, if appointed to the Board of Directors of the College Construction Loan Insurance Association ('Connie Lee'), would be subject to the requirements imposed by 18 U.S.C. § 208 on 'directors' of outside organizations. We have concluded that if appointed, the Deputy Assistant Secretary would be a 'director' of an outside organization within the meaning of § 208, and accordingly would have to comply with the provisions of that section in discharging his or her government duties. This conclusion does not preclude the appointment of the Deputy Assistant Secretary or another Treasury official to the board of Connie Lee. Rather, it means that if appointed, the official could not participate in any particular matter in his or her government capacity in which Connie Lee had a financial interest, unless he or she received a waiver issued pursuant to § 208(b)."
United States. Department of Justice: http://www.justice.gov/