Sec. 366.260. CERTAIN CONTRACTS AND SALES PROHIBITED. (a) A director, agent, or employee of an authority may not:
(1) contract with the authority; or
(2) be directly or indirectly interested in:
(A) a contract with the authority; or
(B) the sale of property to the authority.
(b) A person who violates Subsection (a) is liable for a civil penalty to the authority not to exceed $1,000.
Added by Acts 1997, 75th Leg., ch. 1171, Sec. 7.24, eff. Sept. 1, 1997.
Structure Texas Statutes
Subtitle G - Turnpikes and Toll Projects
Chapter 366 - Regional Tollway Authorities
Section 366.251. Board of Directors
Section 366.252. Conflict of Interest
Section 366.254. Removal of Director
Section 366.255. Compensation of Director
Section 366.256. Evidence of Authority Actions
Section 366.257. Public Access
Section 366.2575. Board Vote on County Request
Section 366.258. Indemnification
Section 366.259. Purchase of Liability Insurance
Section 366.260. Certain Contracts and Sales Prohibited