Texas Statutes

§ 232.0048 — CONFLICT OF INTEREST; PENALTY.

Texas § 232.0048
JurisdictionTexas
Code LGLocal Government Code

This text of Texas § 232.0048 (CONFLICT OF INTEREST; PENALTY.) 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. Local Government Code Code Ann. § 232.0048 (2026).

Text

Sec. 232.0048. CONFLICT OF INTEREST; PENALTY.

(a)In this section, "subdivided tract" means a tract of land, as a whole, that is subdivided. The term does not mean an individual lot in a subdivided tract of land.
(b)A person has a substantial interest in a subdivided tract if the person:
(1)has an equitable or legal ownership interest in the tract with a fair market value of $2,500 or more;
(2)acts as a developer of the tract;
(3)owns 10 percent or more of the voting stock or shares of or owns either 10 percent or more or $5,000 or more of the fair market value of a business entity that:
(A)has an equitable or legal ownership interest in the tract with a fair market value of $2,500 or more; or
(B)acts as a developer of the tract; or
(4)receives in a calendar year funds from a busine

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

Legislative History

Added by Acts 1989, 71st Leg., ch. 624, Sec. 3.04, eff. Sept. 1, 1989. Amended by Acts 1991, 72nd Leg., ch. 561, Sec. 39, eff. Aug. 26, 1991; Acts 1995, 74th Leg., ch. 76, Sec. 5.95(27), eff. Sept. 1, 1995.

Nearby Sections

15
View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)
Texas § 232.0048, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/232.0048.