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<br />Sec. 3 <br />(h) An officer or employee of a commission created under <br /> <br />Chapter 391, Local Government Code, is ineligible to be designated <br /> <br />as an investment officer under Subsection (f) for any investing <br /> <br />entity other than for that commission. <br /> <br />(i) An investment officer of an entity who has a personal <br /> <br />business relationship with a business organization offering to <br /> <br />engage in an investment transaction with the entity shall file a <br /> <br />statement disclosing that personal business interest. An <br /> <br />investment officer who is related wi thin the second degree by <br /> <br />affinity or consanguinity, as determined under Chapter 573, to an <br /> <br />individual seeking to sell an investment to the investment <br /> <br />officer's entity shall file a statement disclosing that <br /> <br />relationship. A statement required under this subsection must be <br /> <br />filed with the Texas Ethics Commission and the governing body of <br /> <br />the entity. For purposes of this subsection, an investment officer <br /> <br />has a personal business relationship with a business organization <br /> <br />if: <br /> <br />(1) the investment officer owns 10 percent or more of <br /> <br />the voting stock or shares of the business organization or owns <br /> <br />$5,000 or more of the fair market value of the business <br /> <br />organization; <br /> <br />(2) funds received by the investment officer from the <br /> <br />business organization exceed 10 percent of the investment officer's <br /> <br />Page -10 - <br />