Sec. 326.052.  TRUSTEE INTERESTED IN CONTRACT.  (a)  A trustee who is financially interested in a contract with the district, or a trustee who is an employee of a person that is financially interested in a contract with the district, shall disclose that fact to the other trustees.  The disclosure shall be entered into the minutes of the meeting.
(b)  A trustee who is financially interested in a contract may not vote on the acceptance of the contract or participate in the discussion on the contract.
(c)  The failure of a trustee to disclose the trustee's financial interest in a contract and to have the disclosure entered in the minutes invalidates the contract.
Added by Acts 1997, 75th Leg., ch. 1204, Sec. 1, eff. Sept. 1, 1997.