Texas § 451.112 CONFLICTS OF INTEREST: BOARD MEMBERS.

Texas Statutes

§ 451.112 — CONFLICTS OF INTEREST: BOARD MEMBERS.

Texas § 451.112

Code TNTransportation Code

This text of Texas § 451.112 (CONFLICTS OF INTEREST: BOARD MEMBERS.) 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. Transportation Code Code Ann. § 451.112 (2026).

Text

Sec. 451.112. CONFLICTS OF INTEREST: BOARD MEMBERS. Chapter 171 , Local Government Code, applies to a board member of an authority, except that an authority created before 1980 in which the principal municipality has a population of less than 1.9 million may not enter into a contract or agreement with a business entity in which a board member or the general manager owns five percent or more of the voting stock or shares of the entity or receives funds from the entity exceeding five percent of the member's or general manager's gross income. A contract executed by an authority in violation of this section is voidable.

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Sec. 451.112. CONFLICTS OF INTEREST: BOARD MEMBERS. Chapter 171 , Local Government Code, applies to a board member of an authority, except that an authority created before 1980 in which the principal municipality has a population of less than 1.9 million may not enter into a contract or agreement with a business entity in which a board member or the general manager owns five percent or more of the voting stock or shares of the entity or receives funds from the entity exceeding five percent of the member's or general manager's gross income. A contract executed by an authority in violation of this section is voidable.

Legislative History

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1163 (H.B. 2702 ), Sec. 150, eff. September 1, 2011.