Conflict of Interest; Criminal Penalty

Sec. 8506.059. 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 institutional division of the Texas Department of Criminal Justice for not less than one year or more than 10 years; or (3) both the fine and confinement. Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.05, eff. April 1, 2017.