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TX SB2138
Bill
Status
5/8/2025
Primary Sponsor
Charles Creighton
Click for details
AI Summary
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Applies Chapter 809 of the Government Code (which restricts state investments in financial companies that boycott energy companies) to the Permanent University Fund, treating it as a state governmental entity for investment restriction purposes
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Extends the same energy company boycott investment restrictions to the Texas University Fund
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Requires governing boards of public institutions of higher education to comply with Chapter 809 investment restrictions as if they were state governmental entities
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Prohibits these university funds and institutions from investing in financial companies that engage in boycotts against fossil fuel or traditional energy companies
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Takes effect September 1, 2025
Legislative Description
Relating to prohibiting the investment of the permanent university fund, the Texas University Fund, or money held by a public institution of higher education in financial companies that boycott certain energy companies.
State Finances
Last Action
Committee report sent to Calendars
5/23/2025