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A: In 2015, the Texas Legislature adopted House Bill 1295 (HB 1295), an ethics law that requires a written disclosure of interested parties by business entities that enter into certain contracts with governmental entities, including school districts.
Changes to the law requiring certain businesses to file a Form 1295 are in effect for contracts entered into or amended on or after January 1, 2018. The changes exempt businesses from filing a Form 1295 for certain types of contracts and replace the need for a completed Form 1295 to be notarized.
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 ...