| (a) Financial analysts and service providers described by Government Code §2263.004 should avoid: (1) any relationship with any party to a transaction with the board or authority, other than a relationship necessary to the investment or funds management services that the financial advisor or service provider performs for the board or authority, if a reasonable person could expect the relationship to diminish the financial advisor's or service provider's independence of judgment in the performance of the person's responsibilities to the board or authority; and (2) any direct or indirect pecuniary interest in any party to a transaction with the board or authority, if the transaction is connected with any financial advice or service the financial advisor or service provider provides to the board or authority or to a member of the board in connection with the management or investment of state funds. (b) Financial analysts or service providers described by Government Code §2263.004 must report any relationship or pecuniary interest described in subsection (a) of this section in writing to the executive administrator or designated representative, without regard to whether the relationship is a direct, indirect, personal, private, commercial, or business relationship. |
