Tex.
Gov't Code Section 482.401
Conflict of Interest
(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 (Disclosure of Conflict of Interest; Recusal), 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.
Source:
Section 482.401 — Conflict of Interest, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.482.htm#482.401 (accessed Jun. 5, 2024).
