Sec. 482.401.  CONFLICT OF INTEREST.  (a)  The board shall adopt conflict-of-interest rules to govern members of the board and commission employees.
(b)  A board member or commission employee shall recuse himself or herself, as provided by Section 482.402, if the board member or employee, or a person who is related to the board member or employee within the second degree of affinity or consanguinity, has a professional or financial interest in an entity receiving or applying to receive money from the commission.
(c)  A person has a financial interest in an entity receiving or applying to receive money from the commission if the person:
(1)  owns or controls, directly or indirectly, an ownership interest, including sharing in profits, proceeds, or capital gains, in an entity, or in a foundation or similar organization affiliated with an entity, receiving or applying to receive money from the commission; or
(2)  could reasonably foresee that an action or recommendation by the board or commission could result in a financial benefit to the person.
(d)  Nothing in this subchapter limits the authority of the board to adopt additional conflict-of-interest standards.
Added by Acts 2023, 88th Leg., R.S., Ch. 856 (H.B. 3447), Sec. 1, eff. September 1, 2023.