Each contractor must have a written board-approved conflict of interest policy. The conflict of interest policy must address situations in which board members or employees have a direct or indirect interest, financial or otherwise, of any nature that is in substantial conflict with the proper discharge of their duty to the organization.

Source Note: The provisions of this §375.215 adopted to be effective July 18, 2002, 27 TexReg 6326; transferred effective October 1, 2003, as published in the Texas Register July 2, 2004, 29 TexReg 6359