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The person holds a position of inember of the board of directors <br />of the business entity; or <br />(2) <br />(3) <br />d. The person serves as an elected officer of the business entity; or <br />e. The person is an employee of the business entity; or <br />f. The person is a creditor, debtor or guarantor of the business entity <br />$5,000.00 or more; or <br />g. Property of the person has been pledged to the business entity or is <br />favor of the business entity in the amount of $5,000.00 or more. <br />A person does not have a substantial interest in a business entity i£ <br />a. <br />b. <br />c. <br />d. <br />the <br />board <br />of <br />ect to a lien in <br />The person holds a position as a member of the board of directors I <br />r other <br />board of a business entity; and The person has been designated by the city council to serve on <br />The person receives no remuneration, either directly or indirectly, <br />on such board; and <br />The primary nature of the business entity is either charitable, <br />A person has a substantial interest in real property if the interest is an <br />ownership interest with a fair market value of $2,500.00 or more (see <br />Local Government Code). <br />(4) A person has a substantial interest under this chapter if the person's family <br />substantial interest under this chapter (see section 171.002, Texas Local G <br />(Ord. No. 635, § 2, 3-21-95; Ord. No. 635-A, § 1, 6-6-06) <br />Cross References: Definitions generally, § 1-2. <br />State Law References: Degrees of relationship, V.T.C.A., Government Code ch. 573. <br />Sec. 2-262. Declaration of article policy. <br />It is hereby declared to be the policy of the city that the proper operation of democ <br />requires that public officials and employees be independent, impartial and responsible on: <br />city; that governmental decisions and policy should be made in the proper channels of the <br />structure; that no officer, employee or member of any board, commission or committee st <br />interest, financial or otherwise, direct or indirect, or engage in any business, transaction o <br />or incur any obligation of any nature which is in conflict with the proper discharge of his <br />interest; that public office and public employment are positions of public trust imposing tl <br />upon all employees and officeholders, who are not to use their public position for persona <br />public should have confidence in the integrity of its government. To implement such a po <br />deems it advisable to enact this code of ethics and conduct for all officers, employees and <br />board; <br />nd <br />r his o <br />her service <br />fit or g <br />vernmenta <br />ble or <br />gal <br />n 171.0 <br />02, Texas <br />nembe <br />has a <br />vernm <br />t Code). <br />of the <br />~uia na <br />e any <br />profess <br />onal activity <br />uties in <br />he public <br />; duty ci <br />f a fiduciary <br />gain; a <br />d that the <br />cy, the <br />ity council <br />dviso <br />board <br />204 <br />