(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 not to exceed $1,000. Added by Acts 1997, 75th Leg., ch. 1171, Sec. 7.24, eff. Sept. 1, 1997.
Texas Legal Code