Texas § ED.43.058 - ETHICS POLICY
Full text of Texas The Texas Constitution § ED.43.058 — ETHICS POLICY, with citation guidance and answers to common questions.
§ ED.43.058. ETHICS POLICY
ETHICS POLICY; CONFLICTS OF INTEREST. (a) The board of directors shall adopt an ethics policy that provides standards of conduct relating to the management and investment of the permanent school fund in accordance with Section 43.0031 (a). The ethics policy must include provisions applicable to: (1) members of the board of directors; (2) employees of the corporation; and (3) any person who provides services to the corporation relating to the management or investment of the permanent school fund. (b) A member of the board of directors, an employee of the corporation, and a person who provides services to the corporation relating to the management or investment of the permanent school fund shall disclose in writing to the corporation any business, commercial, or other relationship that could reasonably be expected to diminish the person's independence of judgment in the performance of the person's responsibilities relating to the management or investment of the permanent school fund. (c) The board of directors shall define in the ethics policy adopted under Subsection (a) the types of relationships that may create a possible conflict of interest. (d) A person who makes a written disclosure under Subsection (b) stating a possible conflict of interest may not give advice or make decisions about a matter affected by the possible conflict of interest unless the board of directors expressly waives this prohibition. The board of directors may delegate the authority to waive the prohibition established by this subsection. Added by Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232 ), Sec. 1.06, eff. September 1, 2021.
Frequently Asked Questions About Texas § ED.43.058
What does The Texas Constitution § ED.43.058 cover?
Section ED.43.058 ("ETHICS POLICY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ED.43.058?
A common citation format is "The Texas Constitution § ED.43.058" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ED.43.058 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.