Texas Education Code 43.0032 – Conflicts of Interest
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(a) A member of the State Board of Education, the commissioner, an employee of the agency, or a person who provides services to the board that relate to the management or investment of the permanent school fund who has a business, commercial, or other relationship that could reasonably be expected to diminish the person’s independence of judgment in the performance of the person’s responsibilities relating to the management or investment of the fund shall disclose the relationship in writing to the board.
(b) The board or the board’s designee shall, in the ethics policy adopted under § 43.0031, define the kinds of relationships that may create a possible conflict of interest.
Terms Used In Texas Education Code 43.0032
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) A person who files a statement under Subsection (a) disclosing a possible conflict of interest may not give advice or make decisions about a matter affected by the possible conflict of interest unless the board, after consultation with the general counsel of the agency, expressly waives this prohibition. The board may delegate the authority to waive the prohibition established by this subsection.