Texas Administrative Code
Title 31 - NATURAL RESOURCES AND CONSERVATION
Part 10 - TEXAS WATER DEVELOPMENT BOARD
Chapter 353 - INTRODUCTORY PROVISIONS
Subchapter I - ETHICS AND CONFLICTS OF INTEREST
Section 353.130 - Financial Analysts and Service Providers
Universal Citation: 31 TX Admin Code ยง 353.130
Current through Reg. 49, No. 38; September 20, 2024
(a) Financial analysts and service providers described by Government Code § 2263.004 should avoid:
(1) any relationship with any
party to a transaction with the board or authority, other than a relationship
necessary to the investment or funds management services that the financial
advisor or service provider performs for the board or authority, if a
reasonable person could expect the relationship to diminish the financial
advisor's or service provider's independence of judgment in the performance of
the person's responsibilities to the board or authority; and
(2) any direct or indirect pecuniary interest
in any party to a transaction with the board or authority, if the transaction
is connected with any financial advice or service the financial advisor or
service provider provides to the board or authority or to a member of the board
in connection with the management or investment of state funds.
(b) Financial analysts or service providers described by Government Code § 2263.004 must report any relationship or pecuniary interest described in subsection (a) of this section in writing to the executive administrator or designated representative, without regard to whether the relationship is a direct, indirect, personal, private, commercial, or business relationship.
Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
