{"data":{"id":"us-tx/tex.-government-code-482.401","jurisdiction":"us-tx","citation":"Tex. Government Code § 482.401","heading":"CONFLICT OF INTEREST.","body":"(a) The board shall adopt conflict-of-interest rules to govern members of the board and commission employees.\n(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.\n(c) A person has a financial interest in an entity receiving or applying to receive money from the commission if the person:\n(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\n(2) could reasonably foresee that an action or recommendation by the board or commission could result in a financial benefit to the person.\n(d) Nothing in this subchapter limits the authority of the board to adopt additional conflict-of-interest standards.\nAdded by Acts 2023, 88th Leg., R.S., Ch. 856 (H.B. 3447), Sec. 1, eff. September 1, 2023.","path":["GOVERNMENT CODE","TITLE 4. EXECUTIVE BRANCH","SUBTITLE F. COMMERCE AND INDUSTRIAL DEVELOPMENT","CHAPTER 482. TEXAS AEROSPACE AND TECHNOLOGY SUPPORT","SUBCHAPTER E. ETHICS AND AUDIT"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.482.htm#482.401","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"b5e324d5e301cc8aae0652543d554fd2d80408131427e7ed67dd544329cf6ca8","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-482.303","next":"us-tx/tex.-government-code-482.402"},"notice":"GroundRules: Original legal text. Not legal advice."}