Texas Transportation Code 1001.028 – Conflict of Interest
Current as of: 2024 | Check for updates
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(a) A member of the board shall disclose in writing to the executive director if the member has an interest in a matter before the board or has a substantial financial interest in an entity that has a direct interest in the matter.
(b) The member shall recuse himself or herself from the board’s deliberations and actions on the matter in Subsection (a) and may not participate in the board’s decision on the matter.
Terms Used In Texas Transportation Code 1001.028
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) A person has a substantial financial interest in an entity if the person:
(1) is an employee, member, director, or officer of the entity; or
(2) owns or controls, directly or indirectly, more than a five percent interest in the entity.