Texas Statutes
Subchapter W. Housing Finance Division Bonds: Miscellaneous Provisions
Section 2306.498. No Gain Allowed

Sec. 2306.498. NO GAIN ALLOWED. (a) The director or a board member may not have or attempt to have a pecuniary interest in a transaction to which the department is a party for purposes of personal pecuniary gain.
(b) A board member or department employee may not purchase department bonds in the open secondary market for municipal securities.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.

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