Texas Education Code - Section 43.0032. Conflicts Of Interest
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§ 43.0032. CONFLICTS OF INTEREST. (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 Section 43.0031, define the kinds of
relationships that may create a possible conflict of interest.
(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.
Added by Acts 1999, 76th Leg., ch. 1488, § 1, eff. Sept. 1, 1999.
Section: 42.304 42.352 42.4101 43.001 43.002 43.003 43.0031 43.0032 43.0033 43.0034 43.004 43.005 43.006 43.007 43.009
Last modified: August 10, 2007
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