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Does the LGO still have to file the “substantial interest” affidavit under Texas Local Government Code chapter 171?

April 26, 2017Affidavit Chapter code file lgo local government Texas

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Does the LGO still have to file the “substantial interest” affidavit under Texas Local Government Code chapter 171?

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Yes. These are separate and independent requirements. Thus, an LGO who has a substantial interest in a transaction involving the district may need to complete both the CIS and the substantial interest affidavit. See BBFA(LEGAL).