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.