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Texas Statutes (Last Updated: January 4, 2014) |
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UTILITIES CODE |
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Title 2. PUBLIC UTILITY REGULATORY ACT |
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Subtitle B. ELECTRIC UTILITIES |
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Chapter 39. RESTRUCTURING OF ELECTRIC UTILITY INDUSTRY |
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Subchapter D. MARKET STRUCTURE |
Sec. 39.1512. DISCLOSURE OF INTEREST IN MATTER BEFORE INDEPENDENT ORGANIZATION'S GOVERNING BODY; PARTICIPATION IN DECISION
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(a) If a matter comes before the governing body of an independent organization certified under Section 39.151 and a member has a direct interest in that matter or is employed by or has a substantial financial interest in a person who has a direct interest in that matter, that member shall publicly disclose the fact of that interest to the governing body at a public meeting of the body. The member shall recuse himself or herself from the governing body's deliberations and actions on the matter and may not vote on the matter or otherwise participate in a governing body decision on the matter.
(b) A disclosure made under Subsection (a) shall be entered in the minutes of the meeting at which the disclosure is made.
(c) The fact that a member is recused from a vote or decision by application of this section does not affect the existence of a quorum.