Texas Alcoholic Beverage Code
§ 5.05 — RELATIONSHIP WITH ALCOHOLIC BEVERAGE BUSINESS PROHIBITED
AL § 5.05Title 2. ADMINISTRATION OF CODE · Ch. 5. ALCOHOLIC BEVERAGE COMMISSION · Art. A. ADMINISTRATIVE PROVISIONS
Statute text
View on source(a)A person may not be appointed to or serve on the commission, or hold an office under the commission, or be employed by the commission, if the person is employed by or has a financial interest in an alcoholic beverage business. For purposes of this subsection, a person has a financial interest in an alcoholic beverage business if:
(1)the person owns or controls, directly or indirectly, an ownership interest of:
(A)at least five percent in a single alcoholic beverage business, including the right to share in profits, proceeds, or capital gains; or
(B)at least five percent cumulative interest, including the right to share in profits, proceeds, or capital gains, in multiple alcoholic beverage businesses; or
(2)the person's spouse or child has an ownership interest described by Subdivision (1). (a-1) A financial interest prohibited by Subsection (a) does not include an ownership interest under a retirement plan, a blind trust, or insurance coverage, or an ownership interest of less than five percent in a corporation. (a-2) Notwithstanding any other law, a child of a commission employee may be employed by the holder of a license or permit issued under this code. (a-3) The commission shall establish an agency policy requiring employees to disclose information regarding their children's employment by a holder of a license or permit issued under this code.
(b)Repealed by Acts 2019, 86th Leg., R.S., Ch. 1359 (H.B. 1545), Sec. 415(b)(2), eff. September 1, 2019.
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Legislative history
Acts 2007, 80th Leg., R.S., Ch. 68 (S.B. 904), Sec. 6, eff. September 1, 2007. Acts 2015, 84th Leg., R.S., Ch. 1189 (S.B. 1228), Sec. 1, eff. September 1, 2015. Acts 2019, 86th Leg., R.S., Ch. 1359 (H.B. 1545), Sec. 9, eff. September 1, 2019. Acts 2019, 86th Leg., R.S., Ch. 1359 (H.B. 1545), Sec. 415(b)(2), eff. September 1, 2019.