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Texas Government Code - GOV'T § 482.401. Conflict of Interest

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The board shall adopt conflict-of-interest rules to govern members of the board and commission employees.

(b) A board member or commission employee shall recuse himself or herself, as provided by Section 482.402, if the board member or employee, or a person who is related to the board member or employee within the second degree of affinity or consanguinity, has a professional or financial interest in an entity receiving or applying to receive money from the commission.

(c) A person has a financial interest in an entity receiving or applying to receive money from the commission if the person:

(1) owns or controls, directly or indirectly, an ownership interest, including sharing in profits, proceeds, or capital gains, in an entity, or in a foundation or similar organization affiliated with an entity, receiving or applying to receive money from the commission; or

(2) could reasonably foresee that an action or recommendation by the board or commission could result in a financial benefit to the person.

(d) Nothing in this subchapter limits the authority of the board to adopt additional conflict-of-interest standards.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 482.401. Conflict of Interest - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-482-401/

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