Bill Text: TX SB1489 | 2023-2024 | 88th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to prohibiting the investment of the permanent university fund, the national research university fund, or money held by a public institution of higher education in financial companies that boycott certain energy companies.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2023-05-10 - Referred to Higher Education [SB1489 Detail]
Download: Texas-2023-SB1489-Comm_Sub.html
Bill Title: Relating to prohibiting the investment of the permanent university fund, the national research university fund, or money held by a public institution of higher education in financial companies that boycott certain energy companies.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2023-05-10 - Referred to Higher Education [SB1489 Detail]
Download: Texas-2023-SB1489-Comm_Sub.html
| By: Creighton | S.B. No. 1489 | |
| (In the Senate - Filed March 2, 2023; March 16, 2023, read | ||
| first time and referred to Subcommittee on Higher Education; | ||
| April 27, 2023, reported favorably from Committee on Education by | ||
| the following vote: Yeas 10, Nays 3; April 27, 2023, sent to | ||
| printer.) | ||
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| relating to prohibiting the investment of the permanent university | ||
| fund, the national research university fund, or money held by a | ||
| public institution of higher education in financial companies that | ||
| boycott certain energy companies. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 51.0031, Education Code, is amended by | ||
| adding Subsection (e) to read as follows: | ||
| (e) Chapter 809, Government Code, applies to a governing | ||
| board as if the governing board were a state governmental entity | ||
| under that chapter. | ||
| SECTION 2. Section 62.143, Education Code, is amended by | ||
| adding Subsection (c) to read as follows: | ||
| (c) Chapter 809, Government Code, applies to the national | ||
| research university fund as if the fund were a state governmental | ||
| entity under that chapter. | ||
| SECTION 3. Subchapter A, Chapter 66, Education Code, is | ||
| amended by adding Section 66.015 to read as follows: | ||
| Sec. 66.015. PROHIBITION ON INVESTMENT IN FINANCIAL | ||
| COMPANIES THAT BOYCOTT CERTAIN ENERGY COMPANIES. Notwithstanding | ||
| Section 66.01, Chapter 809, Government Code, applies to the | ||
| permanent university fund as if the fund were a state governmental | ||
| entity under that chapter. | ||
| SECTION 4. This Act takes effect September 1, 2023. | ||
| * * * * * | ||
