§ 11.03. Conflict of interest.

It shall be grounds for removal from office or termination of employment with the city if an official knowingly violates the provisions of this section or participates in a vote or decision on any matter involving a business entity or real property in which the official has a "substantial interest," consistent with chapter 171 of the Texas Local Government Code, as amended. Any willful violation of this section shall constitute malfeasance in office and any officer or employee found guilty thereof shall thereby forfeit his or her office or position. Any violation of this section with the knowledge, express or implied, of the person or the corporation contracting with the governing body of the city shall render the contract involved voidable by the city manager or the city council.