Tex. Special District Local Laws Code § 1053.156
This is the official text of Tex. Special District Local Laws Code § 1053.156, part of Texas’s Special District Local Laws Code — consolidates the individual laws creating Texas's special-purpose local government districts.
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§ 1053.156. DISCLOSURE OF FINANCIAL INTEREST.
Official statutory text
(a) In this section, "substantial interest" has the meaning assigned by Section 171.002, Local Government Code.
(b) A manager or hospital official shall disclose any financial interest the person has in the sale or lease of a facility described by Section 1053.152 not later than the 30th day before the date of an election held under this subchapter.
(c) For purposes of this section, a person has a financial interest in the sale or lease if the person:
(1) has a substantial interest in a business entity involved in the sale or lease;
(2) is related within the second degree by consanguinity or affinity, as determined under Chapter 573, Government Code, to a person who has a substantial interest in a business entity involved in the sale or lease; or
(3) is a hospital official who will benefit financially from the sale or lease, other than from the continuation of a compensation package existing before the date of the sale or lease.
(b) A manager or hospital official shall disclose any financial interest the person has in the sale or lease of a facility described by Section 1053.152 not later than the 30th day before the date of an election held under this subchapter.
(c) For purposes of this section, a person has a financial interest in the sale or lease if the person:
(1) has a substantial interest in a business entity involved in the sale or lease;
(2) is related within the second degree by consanguinity or affinity, as determined under Chapter 573, Government Code, to a person who has a substantial interest in a business entity involved in the sale or lease; or
(3) is a hospital official who will benefit financially from the sale or lease, other than from the continuation of a compensation package existing before the date of the sale or lease.
Status: in_force · Read it on the official government site
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