TX HB5270

Expands the definition of "qualified manager" for governmental entity investments to include investment management firms registered under federal or state law, banks as defined by the Federal Deposit Insurance Act, and bank holding companies under the Bank Holding Company Act of 1956

Requires investment pools to invest at least 35 percent of their funds in authorized investments such as certificates of deposit or other deposit instruments at banks located in Texas

Mandates that investment pools include written confirmation in their offering circulars and monthly reports that no sponsorship agreement or royalty is paid to any association or organization from pool funds or interest income

Prohibits public funds investment pools from entering into royalty or sponsorship agreements with associations or organizations, or paying royalties from pool funds or interest income

Requires investment pool annual audits to be posted on both the investment pool's publicly accessible website and the comptroller's website, effective September 1, 2026