(a) The board shall adopt rules governing the waiver of the conflict-of-interest requirements of this subchapter under exceptional circumstances for a board member or commission employee. The rules must:
(1) authorize the executive director or a board member to propose granting a waiver by submitting to the presiding officer of the board a written statement about the conflict of interest, the exceptional circumstance requiring the waiver, and any proposed limitations to the waiver;
(2) require a proposed waiver to be publicly reported at a meeting of the board;
(3) require a majority vote of the board members present and voting to grant a waiver; and
(4) require the commission to retain documentation of each waiver granted.
(b) The board shall adopt rules governing the investigation and consequences of unreported conflicts of interest.
Official text of the Texas Government Code as published by the Texas Legislative Council.