Sec. 1001.028. CONFLICT OF INTEREST. (a) A member of the board shall disclose in writing to the executive director if the member has an interest in a matter before the board or has a substantial financial interest in an entity that has a direct interest in the matter.
(b) The member shall recuse himself or herself from the board's deliberations and actions on the matter in Subsection (a) and may not participate in the board's decision on the matter.
(c) A person has a substantial financial interest in an entity if the person:
(1) is an employee, member, director, or officer of the entity; or
(2) owns or controls, directly or indirectly, more than a five percent interest in the entity.
Added by Acts 2009, 81st Leg., R.S., Ch. 933 (H.B. 3097), Sec. 1.01, eff. September 1, 2009.
Structure Texas Statutes
Title 7 - Vehicles and Traffic
Subtitle M - Department of Motor Vehicles
Chapter 1001 - Organization of Department
Subchapter B. Board of Department of Motor Vehicles
Section 1001.0221. Board; Duties
Section 1001.023. Chair and Vice Chair; Duties
Section 1001.024. Board Meetings
Section 1001.025. Recommendations to Legislature
Section 1001.026. Compensation
Section 1001.027. Grounds for Removal
Section 1001.028. Conflict of Interest
Section 1001.029. Information on Qualifications and Conduct