Sec. 366.260.  CERTAIN CONTRACTS AND SALES PROHIBITED.  (a)  A director, agent, or employee of an authority may not:
(1)  contract with the authority;  or
(2)  be directly or indirectly interested in:
(A)  a contract with the authority;  or
(B)  the sale of property to the authority.
(b)  A person who violates Subsection (a) is liable for a civil penalty to the authority not to exceed $1,000.
Added by Acts 1997, 75th Leg., ch. 1171, Sec. 7.24, eff. Sept. 1, 1997.