Tex. Special District Local Laws Code § 8509.0110
INTEREST IN CONTRACT
Texas · Texas Special District Local Laws Code · Status: effective
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- Tex. Special District Local Laws Code § 8509.0110, INTEREST IN CONTRACT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/618785
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Full text
(a) A director who has a financial interest in a contract under consideration by the district for the purchase, sale, lease, rental, or supply of property, including supplies, materials, and equipment, or the construction of facilities, shall disclose that fact to the other directors and may not vote on or participate in discussions during board meetings on the acceptance of the contract.
(b) A director's financial interest does not affect the validity of a contract if disclosure is made and the director with the financial interest does not vote on the question of entering into the contract.