{"data":{"id":"us-tx/tex.-utilities-code-12.152","jurisdiction":"us-tx","citation":"Tex. Utilities Code § 12.152","heading":"CONFLICT OF INTEREST.","body":"(a) A person is not eligible for appointment as a commissioner or executive director of the commission if:\n(1) the person serves on the board of directors of a company that supplies fuel, utility-related services, or utility-related products to regulated or unregulated electric or telecommunications utilities; or\n(2) the person or the person's spouse:\n(A) is employed by or participates in the management of a business entity or other organization that is regulated by or receives funds from the commission;\n(B) directly or indirectly owns or controls more than a 10 percent interest in:\n(i) a business entity or other organization that is regulated by or receives funds from the commission; or\n(ii) a utility competitor, utility supplier, or other entity affected by a commission decision in a manner other than by the setting of rates for that class of customer;\n(C) uses or receives a substantial amount of tangible goods, services, or funds from the commission, other than compensation or reimbursement authorized by law for commission membership, attendance, or expenses; or\n(D) notwithstanding Paragraph (B), has an interest in a mutual fund or retirement fund in which more than 10 percent of the fund's holdings at the time of appointment is in a single utility, utility competitor, or utility supplier in this state and the person does not disclose this information to the governor, senate, commission, or other entity, as appropriate.\n(b) A person otherwise ineligible because of Subsection (a)(2)(B) may be appointed to the commission and serve as a commissioner or may be employed as executive director if the person:\n(1) notifies the attorney general and commission that the person is ineligible because of Subsection (a)(2)(B); and\n(2) divests the person or the person's spouse of the ownership or control:\n(A) before beginning service or employment; or\n(B) if the person is already serving or employed, within a reasonable time.\nActs 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 405, Sec. 4, eff. Sept. 1, 1999.\nAmended by:\nActs 2013, 83rd Leg., R.S., Ch. 170 (H.B. 1600), Sec. 1.03, eff. September 1, 2013.","path":["UTILITIES CODE","TITLE 2. PUBLIC UTILITY REGULATORY ACT","SUBTITLE A. PROVISIONS APPLICABLE TO ALL UTILITIES","CHAPTER 12. ORGANIZATION OF COMMISSION","SUBCHAPTER D. PROHIBITED RELATIONSHIPS AND ACTIVITIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/UT/htm/UT.12.htm#12.152","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:45Z","sha256":"25899a3eec45e4d08c91dbaaba8ff1272287f59cb9254ed96a2137f5c81ed5cd","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-utilities-code-12.151","next":"us-tx/tex.-utilities-code-12.153"},"notice":"GroundRules: Original legal text. Not legal advice."}