Tex. Gov't Code § 2306.498 · Subchapter W. HOUSING FINANCE DIVISION BONDS: MISCELLANEOUS PROVISIONS
NO GAIN ALLOWED.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The director or a board member may not have or attempt to have a pecuniary interest in a transaction to which the department is a party for purposes of personal pecuniary gain.
(b) A board member or department employee may not purchase department bonds in the open secondary market for municipal securities.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2306.htm
- Text hash
- sha256 971b3257e7661c9276e891837210ecd0f4fd90a45b42c04c0f22c5ff8b783b06
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.