Common use of Certificate of Interested Parties Clause in Contracts

Certificate of Interested Parties. Texas Legislature House Xxxx 1295, which added section 2252.908 of the Government Code. The law states that a governmental entity or state agency may not enter into certain contracts with a business entity unless the business entity submits a disclosure of interested parties to the governmental entity or state agency at the time the business entity submits the signed contract to the governmental entity or state agency. The law applies only to a contract of a governmental entity or state agency 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, or (3) is for services that would require a person to register as a lobbyist under Chapter 305 of the Government Code. Additional information and the form to be used to file this notice can be found at: xxxxx://xxx.xxxxxx.xxxxx.xx.xx/filinginfo/1295/