HotKey Website Content Management
HotKey Wedsite Content Management

Design by OceanMedia.net
Austin, Texas Banking
Legal Department

Capitol Comments
Comment Letters
Compliance Bulletins
Consumer Credit
Late Charges & Fees
Late Charges & Fees Interpretive Letter
360 Day Calendar Interpretive Letter
Home Equity
Home Equity Q&A
Home Equity LOC Q&A
Interpretive Letter
Finance Commission Resources
Legal Ease
Payroll Liens
White Papers
Year End Checklist

Forums / Message Board

IBAT
1700 Rio Grande Street
Suite 100
Austin, TX 78701
Phone: 512-474-6889
Toll Free: 800-749-4228
Fax: 512-322-9004

Contact IBAT

This page was modified on 4/8/2007
Conflict of Interest - Local Depository Bid
 
Question:  One of our directors is a city councilor.  Does that knock us out of bidding on the municipal depository?
 
Answer:  No.  Section 131.903 of the Local Government Code provides that the interested party must refrain from participating in the decision.  That means abstaining from voting.  To avoid indirect influence, it is also helpful for this person to leave the room during the debate.

Home Advocacy Member Center IBAT Services Publications Store Learning Contact Us
Back to Top IBAT Privacy Policy IBAT Terms of Use Printable Version of this Page

web design by OceanMedia of Austin, Texas powered by HotKey hybrid