Sec. 451.112. CONFLICTS OF INTEREST: BOARD MEMBERS. Chapter 171, Local Government Code, applies to a board member of an authority, except that an authority created before 1980 in which the principal municipality has a population of less than 1.9 million may not enter into a contract or agreement with a business entity in which a board member or the general manager owns five percent or more of the voting stock or shares of the entity or receives funds from the entity exceeding five percent of the member's or general manager's gross income. A contract executed by an authority in violation of this section is voidable.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1163 (H.B. 2702), Sec. 150, eff. September 1, 2011.
Structure Texas Statutes
Subtitle K - Mass Transportation
Chapter 451 - Metropolitan Rapid Transit Authorities
Subchapter C. Management of Authority
Section 451.103. Operating Expenditures
Section 451.104. Investment Powers: Certain Authorities
Section 451.105. Depository; Deposit of Funds
Section 451.106. General Manager; Management Policies: Certain Authorities
Section 451.1075. Prohibition of Consumption of Alcoholic Beverage
Section 451.108. Peace Officers
Section 451.109. Advisory Committee
Section 451.110. Purchases: Competitive Bidding
Section 451.111. Purchases: Notice of Noncompetitive Bid Proposals
Section 451.112. Conflicts of Interest: Board Members
Section 451.113. Driving on Certain Authority Right-of-Way; Penalty