Disclosure of Interested Parties Info (Form 1295)
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 (Form 1295) 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 (including an amended, extended, or renewed contract) of a governmental entity or state agency that either:
Requires an action or vote by the governing body of the entity or agency before the contract may be signed; or
Has a value of at least $1 million.
A business entity must file Form 1295 electronically with the Texas Ethics Commission using the online filing application. After completing the electronic form, the business entity will be prompted to print the form and send the notarized form to the governmental entity.
The governmental entity will acknowledge Form 1295 in the TX Ethics Commission’s electronic system.
Tyler ISD Contract Procedures for HB 1295 - Interested Parties