Bill Text: TX SB940 | 2015-2016 | 84th Legislature | Comm Sub

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relating to the notification duties of a state governmental entity with public retirement system investment holdings in Sudan or Iran.

Spectrum: Bipartisan Bill

Status: (Passed) 2015-06-16 - Effective on 9/1/15 [SB940 Detail]

Download: Texas-2015-SB940-Comm_Sub.html

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By: Taylor of Collin S.B. No. 940
(In the Senate - Filed March 4, 2015; March 9, 2015, read
first time and referred to Committee on State Affairs;
March 25, 2015, reported adversely, with favorable Committee
Substitute by the following vote: Yeas 8, Nays 0; March 25, 2015,
sent to printer.)
Click here to see the committee vote
COMMITTEE SUBSTITUTE FOR S.B. No. 940 By: Creighton

A BILL TO BE ENTITLED
AN ACT
relating to the notification duties of a state governmental entity
with public retirement system investment holdings in Sudan or Iran.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 806.052, Government Code, is amended to
read as follows:
Sec. 806.052. IDENTIFICATION OF INVESTMENT IN LISTED
COMPANIES. Not later than the 30th [14th] day after the date a
state governmental entity receives the list provided under Section
806.051 [806.051(c)], the state governmental entity shall notify
the comptroller of the listed companies in which the state
governmental entity owns direct or indirect holdings.
SECTION 2. Section 807.052, Government Code, is amended to
read as follows:
Sec. 807.052. IDENTIFICATION OF INVESTMENT IN LISTED
COMPANIES. Not later than the 30th [14th] day after the date a
state governmental entity receives the list provided under Section
807.051, the state governmental entity shall notify the board of
the listed companies in which the state governmental entity owns
direct holdings or indirect holdings.
SECTION 3. This Act takes effect September 1, 2015.
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