Texas § 482.401 CONFLICT OF INTEREST.

Texas Statutes

§ 482.401 — CONFLICT OF INTEREST.

Texas § 482.401

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 482.401 (2026).

Text

Sec. 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 , 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

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Sec. 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 , 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.