Section 100.1145 - General Conflict of Interest Provisions(a) Definitions. The following words and terms, when used in this division, shall have the following meaning, unless the context clearly indicates otherwise. (1) Local public official--A member of the governing body of a charter holder, a member of the governing body of a charter school, or an officer of a charter school.(2) Business entity--A sole proprietorship, partnership, firm, corporation, holding company, joint-stock company, receivership, trust, agency, political subdivision, or any other entity recognized by law.(b) Substantial interest in business entity. For purposes of this chapter, a person has a substantial interest in a business entity if: (1) the person owns 10% or more of the voting stock or shares of the business entity or owns either 10% or more or $15,000 or more of the fair market value of the business entity; or(2) funds received by the person from the business entity exceed 10% of the person's gross income for the previous year.(c) Substantial interest in real estate. A person has a substantial interest in real estate if the interest is an equitable or legal ownership with a fair market value of $2,500 or more.(d) Substantial interest through a relative. A local public official is considered to have a substantial interest under this section if a person related to the official in the third degree by consanguinity or affinity, as determined under Texas Government Code, §§ 573.021 - 573.025, and § 100.1135 of this title (relating to Relationships By Consanguinity or By Affinity), has a substantial interest under this section.19 Tex. Admin. Code § 100.1145
Adopted by Texas Register, Volume 49, Number 39, September 27, 2024, TexReg 7891, eff. 10/2/2024