Tex. Transp. Code § 370.260

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 370.260 - Certain Contracts and Sales Prohibited

(a) A director, agent, or employee of an authority may not:

(1) contract with the authority; or

(2) be directly or indirectly interested in:

(A) a contract with the authority; or

(B) the sale of property to the authority.

(b) A person who violates Subsection (a) is liable for a civil penalty to the authority in an amount not to exceed $1,000.

Tex. Transp. Code § 370.260

Added by Acts 2003, 78th Leg., ch. 1325, Sec. 2.01, eff. June 21, 2003.