Sec. 326.052. TRUSTEE INTERESTED IN CONTRACT. (a) A trustee who is financially interested in a contract with the district, or a trustee who is an employee of a person that is financially interested in a contract with the district, shall disclose that fact to the other trustees. The disclosure shall be entered into the minutes of the meeting.
(b) A trustee who is financially interested in a contract may not vote on the acceptance of the contract or participate in the discussion on the contract.
(c) The failure of a trustee to disclose the trustee's financial interest in a contract and to have the disclosure entered in the minutes invalidates the contract.
Added by Acts 1997, 75th Leg., ch. 1204, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 10 - Parks and Other Recreational and Cultural Resources
Subtitle B - County Parks and Other Recreational and Cultural Resources
Chapter 326 - Library Districts
Subchapter C. District Administration
Section 326.041. Board of Trustees
Section 326.042. Registered Voter Requirement
Section 326.043. Election of Trustees; Term of Office
Section 326.0431. Write-in Candidacies
Section 326.0432. Election of Unopposed Candidate
Section 326.044. Board Vacancy
Section 326.046. Quorum; Officers' Duties
Section 326.048. Meetings and Notice
Section 326.049. Management of District