Conflict of Interest

Sec. 11.1021. CONFLICT OF INTEREST. (a) In this section, "Texas trade association" means a cooperative and voluntarily joined association of business or professional competitors in this state designed to assist its members and its industry or profession in dealing with mutual business or professional problems and in promoting their common interest. (b) A person may not be a member of the finance commission if: (1) the person is an officer, employee, or paid consultant of a Texas trade association in an industry regulated by a finance agency; or (2) the person's spouse is an officer, manager, or paid consultant of a Texas trade association in an industry regulated by a finance agency. (c) A person may not be a member of the finance commission if the person is required to register as a lobbyist under Chapter 305, Government Code, because of the person's activities for compensation on behalf of a profession related to the operation of a finance agency. Added by Acts 2001, 77th Leg., ch. 867, Sec. 4, eff. Sept. 1, 2001.