Texas § 1053.156 DISCLOSURE OF FINANCIAL INTEREST.

Texas Statutes

§ 1053.156 — DISCLOSURE OF FINANCIAL INTEREST.

Texas § 1053.156

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 1053.156 (2026).

Text

Sec. 1053.156. DISCLOSURE OF FINANCIAL INTEREST.

(a)In this section, "substantial interest" has the meaning assigned by Section 171.002 , Local Government Code.

(b)A manager or hospital official shall disclose any financial interest the person has in the sale or lease of a facility described by Section 1053.152 not later than the 30th day before the date of an election held under this subchapter.

(c)For purposes of this section, a person has a financial interest in the sale or lease if the person:

(1)has a substantial interest in a business entity involved in the sale or lease;

(2)is related within the second degree by consanguinity or affinity, as determined under Chapter 573 , Government Code, to a person who has a substantial interest in a business entity involved in the sale or le

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Sec. 1053.156. DISCLOSURE OF FINANCIAL INTEREST. (a) In this section, "substantial interest" has the meaning assigned by Section 171.002 , Local Government Code.
(b) A manager or hospital official shall disclose any financial interest the person has in the sale or lease of a facility described by Section 1053.152 not later than the 30th day before the date of an election held under this subchapter.
(c) For purposes of this section, a person has a financial interest in the sale or lease if the person:
(1) has a substantial interest in a business entity involved in the sale or lease;
(2) is related within the second degree by consanguinity or affinity, as determined under Chapter 573 , Government Code, to a person who has a substantial interest in a business entity involved in the sale or lease; or
(3) is a hospital official who will benefit financially from the sale or lease, other than from the continuation of a compensation package existing before the date of the sale or lease.