Texas § SD.1053.156 - DISCLOSURE OF FINANCIAL INTEREST
Full text of Texas The Texas Constitution § SD.1053.156 — DISCLOSURE OF FINANCIAL INTEREST, with citation guidance and answers to common questions.
§ SD.1053.156. DISCLOSURE OF FINANCIAL INTEREST
DISCLOSURE OF FINANCIAL INTEREST. (a) In this section, "substantial interest" has the meaning assigned by Section 171.002 , Local Government Code. (b) A manager or hospital official shall disclose any financial interest the person has in the sale or lease of a facility described by Section 1053.152 not later than the 30th day before the date of an election held under this subchapter. (c) For purposes of this section, a person has a financial interest in the sale or lease if the person: (1) has a substantial interest in a business entity involved in the sale or lease; (2) is related within the second degree by consanguinity or affinity, as determined under Chapter 573 , Government Code, to a person who has a substantial interest in a business entity involved in the sale or lease; or (3) is a hospital official who will benefit financially from the sale or lease, other than from the continuation of a compensation package existing before the date of the sale or lease. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166 ), Sec. 1.02, eff. April 1, 2009.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § SD.1053.156
What does The Texas Constitution § SD.1053.156 cover?
Section SD.1053.156 ("DISCLOSURE OF FINANCIAL INTEREST") 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 § SD.1053.156?
A common citation format is "The Texas Constitution § SD.1053.156" (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 § SD.1053.156 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.