Texas Agriculture Code

§ 60.088 — CONFLICTS OF INTEREST; AFFIDAVIT OF INTEREST

AG § 60.088Title 4. AGRICULTURAL ORGANIZATIONS · Ch. 60. TEXAS AGRICULTURAL DEVELOPMENT DISTRICTS · Art. D. BOARD OF DIRECTORS

Statute text

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(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.

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Legislative history

Added by Acts 2001, 77th Leg., ch. 1393, Sec. 1, eff. June 16, 2001.