Texas § 12.1166 RELATED PARTY TRANSACTIONS.

Texas Statutes

§ 12.1166 — RELATED PARTY TRANSACTIONS.

Texas § 12.1166

Code EDEducation Code

This text of Texas § 12.1166 (RELATED PARTY TRANSACTIONS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Education Code Code Ann. § 12.1166 (2026).

Text

Sec. 12.1166. RELATED PARTY TRANSACTIONS.

(a)The commissioner shall adopt a rule defining "related party" for purposes of this subchapter. The definition of "related party" must include:

(1)a party with a current or former board member, administrator, or officer who is:

(A)a board member, administrator, or officer of an open-enrollment charter school; or

(B)related within the third degree of consanguinity or affinity, as determined under Chapter 573 , Government Code, to a board member, administrator, or officer of an open-enrollment charter school;

(2)a charter holder's related organizations, joint ventures, and jointly governed organizations;

(3)an open-enrollment charter school's board members, administrators, or officers or a person related to a board member, administrator, or of

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 12.1166. RELATED PARTY TRANSACTIONS. (a) The commissioner shall adopt a rule defining "related party" for purposes of this subchapter. The definition of "related party" must include:
(1) a party with a current or former board member, administrator, or officer who is:
(A) a board member, administrator, or officer of an open-enrollment charter school; or
(B) related within the third degree of consanguinity or affinity, as determined under Chapter 573 , Government Code, to a board member, administrator, or officer of an open-enrollment charter school;
(2) a charter holder's related organizations, joint ventures, and jointly governed organizations;
(3) an open-enrollment charter school's board members, administrators, or officers or a person related to a board member, administrator, or officer within the third degree of consanguinity or affinity, as determined under Chapter 573 , Government Code; and
(4) any other disqualified person, as that term is defined by 26 U.S.C. Section 4958(f).
(b) For purposes of Subsection (a)(1), a person is a former board member, administrator, or officer if the person served in that capacity within one year of the date on which a financial transaction between the charter holder and a related party occurred.
(c) In a charter holder's annual audit filed under Section 44.008 , the charter holder must include a list of all transactions with a related party.