Sec. 8505.060. CONFLICT OF INTEREST; CRIMINAL PENALTY. (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 county jail for not less than one year or more than 10 years; or
(3) both the fine and confinement.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.04, eff. April 1, 2015.
Last modified: September 28, 2016