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