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TX HB3900
Bill
Status
3/6/2025
Primary Sponsor
Ryan Guillen
Click for details
AI Summary
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Amends Section 2256.005 of the Government Code to allow local governments to include Texas-based location as a factor when evaluating investments
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Permits local government investment policies to consider whether banks, credit unions, or investment pools have a physical location and staff in Texas
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The consideration of in-state location is optional, not mandatory, for local government investment decisions
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Takes effect immediately with a two-thirds vote of both legislative chambers, otherwise takes effect September 1, 2025
Legislative Description
Relating to consideration of whether banks, credit unions, and investment pools are located in this state in investment policies adopted by local governments.
County Government
Last Action
Placed on General State Calendar
5/15/2025