Texas Administrative Code
Title 1 - ADMINISTRATION
Part 2 - TEXAS ETHICS COMMISSION
Chapter 45 - CONFLICTS OF INTEREST
Section 45.3 - Definitions
Universal Citation: 1 TX Admin Code ยง 45.3
Current through Reg. 49, No. 38; September 20, 2024
(a) Section RSA 2155.003 of the Government Code applies to:
(1) the chief clerk; and
(2) an employee who exercises discretion in
connection with a contract, payment, claim, or other pecuniary transaction
under the comptroller's purchasing authority.
(b) Under § RSA 2155.003 of the Government Code the following words and terms shall have the following meanings:
(1) "Chief clerk" and "employee" includes the
spouse or dependent child of the chief clerk or employee.
(2) "Have an interest in" or "in any manner
be connected with," is limited to the purchasing authority that was transferred
to the comptroller by §
RSA
2151.004 of the Government Code, and means a
right, share, equitable or legal claim to, or pecuniary interest in, a contract
or bid.
(3) "Value," "reward," and
"compensation" includes anything with a monetary value of $5 or more.
(c) Section RSA 2155.003 of the Government Code does not apply to the ownership of stock the value of which does not exceed the lesser of $25,000 or 5% in any one company, or ownership of shares in a publicly traded mutual fund or similar investment vehicle in which the person does not exercise any discretion regarding the investment of the assets of the fund or other investment vehicle.
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