Sec. 60.088.  CONFLICTS OF INTEREST;  AFFIDAVIT OF INTEREST.  (a)  Except as provided in this section:
(1)  a director may participate in all board votes and decisions;  and
(2)  Chapter 171, Local Government Code, governs conflicts of interest for directors.
(b)  Section 171.004, Local Government Code, does not apply to the district.  A director who has a substantial interest in a business or charitable entity that will receive a pecuniary benefit from a board action shall file a one-time affidavit declaring the interest.  An additional affidavit is not required if the director's interest changes.  After the affidavit is filed with the board secretary, the director may participate in a discussion or vote on that action if:
(1)  a majority of the directors have similar interests in the same entity;  or
(2)  all similar business or charitable entities in the district will receive a similar pecuniary benefit.
(c)  A director who is also an officer or employee of another public entity may not participate in the discussion of or vote on a matter regarding a contract with that other public entity.
(d)  For purposes of this section, a director has a substantial interest in a business or charitable entity in the same manner that a person would have a substantial interest in a business entity under Section 171.002, Local Government Code.
Added by Acts 2001, 77th Leg., ch. 1393, Sec. 1, eff. June 16, 2001.