Tex. Local Government Code § 383.051
This is the official text of Tex. Local Government Code § 383.051, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 383.051. DIRECTOR INTERESTED IN CONTRACT.
Official statutory text
(a) A director who is financially interested in a contract with the district or a director who is an employee of a person who or firm that is financially interested in a contract with the district shall disclose that fact to the other directors. The disclosure shall be entered into the minutes of the meeting.
(b) An interested director may not vote on the acceptance of the contract or participate in the discussion on the contract.
(c) The failure of a director to disclose the director's financial interest in a contract and to have the disclosure entered in the minutes invalidates the contract.
(b) An interested director may not vote on the acceptance of the contract or participate in the discussion on the contract.
(c) The failure of a director to disclose the director's financial interest in a contract and to have the disclosure entered in the minutes invalidates the contract.
Status: in_force · Read it on the official government site
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