Texas Special District Local Laws Code 8506.059 – Conflict of Interest; Criminal Penalty
Current as of: 2024 | Check for updates
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(a) A director, officer, agent, or employee of the authority may not be directly or indirectly interested in a contract for the purchase of any property or construction of any work by or for the authority.
(b) A person commits an offense if the person violates this section. An offense under this subsection is a felony punishable by:
(1) a fine not to exceed $10,000;
(2) confinement in the institutional division of the Texas Department of Criminal Justice for not less than one year or more than 10 years; or
(3) both the fine and confinement.
Terms Used In Texas Special District Local Laws Code 8506.059
- Contract: A legal written agreement that becomes binding when signed.
- Justice: when applied to a magistrate, means justice of the peace. 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
- Property: means real and personal property. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005