Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 482.401: CONFLICT OF INTEREST.

(a) The board shall adopt conflict-of-interest rules to govern members of the board and commission employees.
(b) A board member or commission employee shall recuse himself or herself, as provided by Section 482.402, if the board member or employee, or a person who is related to the board member or employee within the second degree of affinity or consanguinity, has a professional or financial interest in an entity receiving or applying to receive money from the commission.
(c) A person has a financial interest in an entity receiving or applying to receive money from the commission if the person:
(1) owns or controls, directly or indirectly, an ownership interest, including sharing in profits, proceeds, or capital gains, in an entity, or in a foundation or similar organization affiliated with an entity, receiving or applying to receive money from the commission; or
(2) could reasonably foresee that an action or recommendation by the board or commission could result in a financial benefit to the person.
(d) Nothing in this subchapter limits the authority of the board to adopt additional conflict-of-interest standards.
Added by Acts 2023, 88th Leg., R.S., Ch. 856 (H.B. 3447), Sec. 1, eff. September 1, 2023.

Where this section sits in the code

GOVERNMENT CODE
TITLE 4. EXECUTIVE BRANCH
SUBTITLE F. COMMERCE AND INDUSTRIAL DEVELOPMENT
CHAPTER 482. TEXAS AEROSPACE AND TECHNOLOGY SUPPORT
SUBCHAPTER E. ETHICS AND AUDIT

(a) The board shall adopt conflict-of-interest rules to govern members of the board and commission employees.

(b) A board member or commission employee shall recuse himself or herself, as provided by Section 482.402, if the board member or employee, or a person who is related to the board member or employee within the second degree of affinity or consanguinity, has a professional or financial interest in an entity receiving or applying to receive money from the commission.

(c) A person has a financial interest in an entity receiving or applying to receive money from the commission if the person:

(1) owns or controls, directly or indirectly, an ownership interest, including sharing in profits, proceeds, or capital gains, in an entity, or in a foundation or similar organization affiliated with an entity, receiving or applying to receive money from the commission; or

(2) could reasonably foresee that an action or recommendation by the board or commission could result in a financial benefit to the person.

(d) Nothing in this subchapter limits the authority of the board to adopt additional conflict-of-interest standards.

Added by Acts 2023, 88th Leg., R.S., Ch. 856 (H.B. 3447), Sec. 1, eff. September 1, 2023.

Collected 2026-08-27T01:47:16Z. Source file · JSON

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