Common use of PROHIBITION AGAINST PERSONAL INTEREST IN CONTRACTS Clause in Contracts

PROHIBITION AGAINST PERSONAL INTEREST IN CONTRACTS. No faculty, staff or other employee of SHSU shall transact any business in their official capacity with any business entity of which they are officers, agents, or members, or in which they own a controlling interest unless the Texas State University System Board of Regents has reviewed the matter and determined that there is no conflict of interest. Any violation of the section, with the knowledge, expressed or implies, of the person or corporation contracting with SHSU shall render the contract involved voidable by SHSU.