Disclosure of Interested Parties
In accordance with Tex. Gov’t Code §2252.908, TxDOT may not
enter into certain contracts with a business entity unless the business
entity submits a Disclosure of Interested Parties to TxDOT at the
time the business entity submits the signed contract to TxDOT. The
law applies only to a contract that either (1) requires an action
or vote by the governing body of the entity or agency before the
contract may be signed or (2) has a value of at least $1 million.
The disclosure requirement applies to a contract entered into on
or after January 1, 2016.
If the business entity fails to provide the required
disclosure, TxDOT may only void the contract if TxDOT submits written
notice of the business entity’s failure to provide the required
disclosure to the business entity and the business entity fails
to submit the required disclosure to TxDOT on or before the 10th
business day after the day that the business entity receives the
written notice of failure.