Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 2270.0207: INVESTMENTS EXEMPTED FROM DIVESTMENT.

Where this section sits in the code

GOVERNMENT CODE
TITLE 10. GENERAL GOVERNMENT
SUBTITLE F. STATE AND LOCAL CONTRACTS AND FUND MANAGEMENT For expiration of this chapter, see Section 2270.0251.
CHAPTER 2270. PROHIBITION ON INVESTING PUBLIC MONEY IN CERTAIN INVESTMENTS
SUBCHAPTER E. DUTIES REGARDING INVESTMENTS

An investing entity is not required to divest from any indirect holdings in actively managed investment funds or private equity funds. The investing entity shall submit letters to the managers of investment funds containing listed companies requesting that they consider removing those companies from the fund or create a similar actively managed fund with indirect holdings devoid of listed companies. If the manager creates a similar fund with substantially the same management fees and same level of investment risk, the investing entity shall replace all applicable investments with investments in the similar fund in an expedited time frame consistent with prudent fiduciary standards.

Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.

Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.

Collected 2026-08-27T01:47:16Z. Source file · JSON

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