Texas Special District Local Laws Code 21.111 – Conflict of Interest in Contract
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Terms Used In Texas Special District Local Laws Code 21.111
- Contract: A legal written agreement that becomes binding when signed.
- Property: means real and personal property. See Texas Government Code 311.005
A director who is financially interested in a contract to be executed by the district for the purchase of property or the construction of facilities shall disclose that fact to the other directors and may not vote on the acceptance of the contract.