Texas Natural Resources Code

§ 51.408 — ETHICS POLICY AND TRAINING

NR § 51.408Title 2. PUBLIC DOMAIN · Part D. DISPOSITION OF THE PUBLIC DOMAIN · Ch. 51. LAND, TIMBER, AND SURFACE RESOURCES · Art. I. ACQUISITION OF PUBLIC SCHOOL LAND

Statute text

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(a)In addition to any other requirements provided by law, the board shall adopt and enforce an ethics policy that provides standards of conduct relating to the management and investment of the funds designated under Section 51.401. The ethics policy must include provisions that address the following issues as they apply to the management and investment of the funds and to persons responsible for managing and investing the funds:

(1)general ethical standards;

(2)conflicts of interest;

(3)prohibited transactions and interests;

(4)the acceptance of gifts and entertainment;

(5)compliance with applicable professional standards;

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Legislative history

Added by Acts 2005, 79th Leg., Ch. 1098 (H.B. 2217), Sec. 9, eff. June 18, 2005.