(a) Section 2152.064 of the Government Code applies to:
  (1) a commission member and appointee; and
  (2) to an employee who exercises discretion in connection with a contract, payment, claim, or other pecuniary transaction under §2152.064 of the Government Code, or in connection with state surplus or salvage property.
(b) Under §2152.064 of the Government Code the following words and terms shall have the following meanings:
  (1) "Commission member," "appointee," and "employee" includes the spouse or dependent child of a commission member, appointee, or employee.
  (2) "Have an interest in" or "in any manner be connected with," means a right, share, equitable or legal claim to, or pecuniary interest in, a contract or bid, or a recipient of state surplus or salvage property under control of the commission.
  (3) "Value," "reward," and "compensation" includes anything with a monetary value of $5 or more.
(c) Section 2152.064 of the Government Code does not apply to the ownership of stock the value of which does not exceed the lesser of $25,000 or 5% in any one company, or ownership of shares in a publicly traded mutual fund or similar investment vehicle in which the person does not exercise any discretion regarding the investment of the assets of the fund or other investment vehicle.

Source Note: The provisions of this §45.5 adopted to be effective April 30, 2008, 33 TexReg 3387