Texas HB210 prohibits vendors from contracting with school districts if board members or related individuals have substantial business interests.

Texas HB210 amends the Education Code to prohibit vendors from bidding on or receiving contracts from school districts if any board member or related individual has a substantial interest in the vendor. A substantial interest includes owning more than 10 percent of the vendor's voting interest or having a direct or indirect participating interest in more than 10 percent of the vendor's profits, proceeds, or capital gains.

Texas HB210 prohibits vendors from contracting with school districts if board members or related individuals have substantial business interests.

Texas HB210 amends the Education Code to prohibit vendors from bidding on or receiving contracts from school districts if any board member or related individual has a substantial interest in the vendor. A substantial interest includes owning more than 10 percent of the vendor's voting interest or having a direct or indirect participating interest in more than 10 percent of the vendor's profits, proceeds, or capital gains.