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.

SUMMARY: 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.

FULL TEXT:
AN ACT 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.