Tex. Educ. Code § 12.1166 · Subchapter D. OPEN-ENROLLMENT CHARTER SCHOOL
RELATED PARTY TRANSACTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner shall adopt a rule defining "related party" for purposes of this subchapter. The definition of "related party" must include:
(1) a party with a current or former board member, administrator, or officer who is:
(A) a board member, administrator, or officer of an open-enrollment charter school; or
(B) related within the third degree of consanguinity or affinity, as determined under Chapter 573, Government Code, to a board member, administrator, or officer of an open-enrollment charter school;
(2) a charter holder's related organizations, joint ventures, and jointly governed organizations;
(3) an open-enrollment charter school's board members, administrators, or officers or a person related to a board member, administrator, or officer within the third degree of consanguinity or affinity, as determined under Chapter 573, Government Code; and
(4) any other disqualified person, as that term is defined by 26 U.S.C. Section 4958(f).
(b) For purposes of Subsection (a)(1), a person is a former board member, administrator, or officer if the person served in that capacity within one year of the date on which a financial transaction between the charter holder and a related party occurred.
(c) In a charter holder's annual audit filed under Section 44.008, the charter holder must include a list of all transactions with a related party.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 631 (S.B. 1454), Sec. 6, eff. June 10, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.12.htm
- Text hash
- sha256 50593e1b4bceae819505511e8681755c1d61628e26743638062704ecd82b6e78
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 4 provisions
Provisions in this library whose text cites Tex. Educ. Code § 12.1166. Each shows the citation as that text prints it.
Education Code
- Tex. Educ. Code § 12.107STATUS AND USE OF FUNDS.Printed as Section 12.1166
- Tex. Educ. Code § 12.1163AUDIT BY COMMISSIONER.Printed as Section 12.1166
- Tex. Educ. Code § 12.1167APPRAISAL OF CERTAIN PROPERTY.Printed as Section 12.1166
- Tex. Educ. Code § 12.1168FINANCIAL REPORT OF CERTAIN SCHOOLS.Printed as Section 12.1166
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