reglab/housing_qa huggingface dataset:
TX Govt Code § 2270.0052 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter B. General Provisions Relating to Investments in Sudan|Section 2270.0052. Scrutinized Business Operations in Sudan

Sec. 2270.0052.  SCRUTINIZED BUSINESS OPERATIONS IN SUDAN.  A company engages in scrutinized business operations in Sudan if:(1)  the company has business operations that involve contracts with or providing supplies or services to the government of Sudan, a company in which the government of Sudan has any direct or indirect equity share, a government of Sudan-commissioned consortium or project, or a company involved in a government of Sudan-commissioned consortium or project and:(A)  more than 10 percent of the company's revenues or assets linked to Sudan involve oil-related activities or mineral extraction activities, less than 75 percent of the company's revenue or assets linked to Sudan involve contracts with or provision of oil-related or mineral extracting products or services to the regional government of southern Sudan or a project or consortium created exclusively by that regional government, and the company has failed to take substantial action; or(B)  more than 10 percent of the company's revenue or assets linked to Sudan involve power production activities, less than 75 percent of the company's power production activities include projects whose intent is to provide power or electricity to the marginalized populations of Sudan, and the company has failed to take substantial action; or(2)  the company supplies military equipment in Sudan, unless:(A)  the company clearly shows that the military equipment cannot be used to facilitate offensive military actions in Sudan; or(B)  the company implements rigorous and verifiable safeguards to prevent use of that equipment by forces actively participating in armed conflict, including:(i)  using post-sale tracking of the equipment by the company;(ii)  obtaining certification from a reputable and objective third party that the equipment is not being used by a party participating in armed conflict in Sudan; or(iii)  selling the equipment solely to the regional government of southern Sudan or any internationally recognized peacekeeping force or humanitarian organization.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0053 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter B. General Provisions Relating to Investments in Sudan|Section 2270.0053. Social Development Company

Sec. 2270.0053.  SOCIAL DEVELOPMENT COMPANY.  Notwithstanding any other law, a social development company that is not complicit in the Darfur genocide is not a scrutinized company under Section 2270.0001(9)(A).|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0101 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter C. General Provisions Relating to Investments in Iran|Section 2270.0101. Definitions

Sec. 2270.0101.  DEFINITIONS.  In this subchapter:(1)  "Business operations" means engaging in commerce in any form in Iran, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.(2)  "Military equipment" means weapons, arms, military supplies, and equipment that readily may be used for military purposes, including radar systems and military-grade transport vehicles.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0102 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter C. General Provisions Relating to Investments in Iran|Section 2270.0102. Scrutinized Business Operations in Iran

Sec. 2270.0102.  SCRUTINIZED BUSINESS OPERATIONS IN IRAN.  A company engages in scrutinized business operations in Iran if:(1)  the company has business operations that involve contracts with or providing supplies or services to the government of Iran, a company in which the government of Iran has any direct or indirect equity share, a consortium or project commissioned by the government of Iran, or a company involved in a consortium or project commissioned by the government of Iran; or(2)  the company supplies military equipment to Iran.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0151 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter D. General Provisions Relating to Investments in Certain Foreign Terrorist Organizations|Section 2270.0151. Definitions

Sec. 2270.0151.  DEFINITIONS.  In this subchapter:(1)  "Business operations" means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.(2)  "Terroristic equipment" means weapons, arms, military supplies, and equipment that readily may be used for terroristic purposes or activities.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0152 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter D. General Provisions Relating to Investments in Certain Foreign Terrorist Organizations|Section 2270.0152. Scrutinized Business Operations With Designated Foreign Terrorist Organization

Sec. 2270.0152.  SCRUTINIZED BUSINESS OPERATIONS WITH DESIGNATED FOREIGN TERRORIST ORGANIZATION.  A company engages in scrutinized business operations with a designated foreign terrorist organization if:(1)  the company has business operations that involve:(A)  a contract with or providing supplies or services to a designated foreign terrorist organization;(B)  a company in which a designated foreign terrorist organization has any direct or indirect equity share;(C)  a consortium or project commissioned by a designated foreign terrorist organization; or(D)  a company involved in a consortium or project commissioned by a designated foreign terrorist organization; or(2)  the company supplies terroristic equipment to a designated foreign terrorist organization.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0153 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter D. General Provisions Relating to Investments in Certain Foreign Terrorist Organizations|Section 2270.0153. List of Designated Foreign Terrorist Organizations

Sec. 2270.0153.  LIST OF DESIGNATED FOREIGN TERRORIST ORGANIZATIONS.  (a)  The comptroller shall prepare and maintain a list of designated foreign terrorist organizations.(b)  The comptroller shall maintain the list by updating the list as necessary to reflect changes in the list of foreign organizations designated as foreign terrorist organizations by the United States secretary of state as authorized by 8 U.S.C. Section 1189.(c)  Not later than the 30th day after the date the comptroller first prepares or updates the list of designated foreign terrorist organizations as required by this section, the comptroller shall:(1)  file the list with the presiding officer of each house of the legislature and the attorney general; and(2)  post the list on the comptroller's Internet website.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0201 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter E. Duties Regarding Investments|Section 2270.0201. Listed Companies

Sec. 2270.0201.  LISTED COMPANIES.  (a)  The comptroller shall prepare and maintain a list of all scrutinized companies.  The list must be categorized according to:(1)  companies that are scrutinized companies under Section 2270.0001(9)(A);(2)  companies that are scrutinized companies under Section 2270.0001(9)(B); and(3)  companies that are scrutinized companies under Section 2270.0001(9)(C).(b)  In maintaining the list of scrutinized companies under Subsection (a), the comptroller may review and rely, as appropriate in the comptroller's judgment, on publicly available information regarding companies with business operations in Sudan, in Iran, or with designated foreign terrorist organizations, as applicable, including information provided by the state, nonprofit organizations, research firms, international organizations, and governmental entities.(c)  The comptroller shall update the list of scrutinized companies under Subsection (a) annually or more often as the comptroller considers necessary, but not more often than quarterly, based on information from, among other sources, those listed in Subsection (b).(d)  The comptroller shall:(1)  provide each list prepared or updated under this section to each investing entity; and(2)  post each list on the comptroller's Internet website.(e)  Not later than the 30th day after the date a list of scrutinized companies is provided, the comptroller shall file the list of scrutinized companies with the presiding officer of each house of the legislature and the attorney general.(f)  For purposes of the prohibitions and duties under this chapter, the date the comptroller posts on the comptroller's Internet website a list of scrutinized companies under this section is considered the date the comptroller receives notice of the list.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0202 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter E. Duties Regarding Investments|Section 2270.0202. Identification of Investment in Listed Companies

Sec. 2270.0202.   IDENTIFICATION OF INVESTMENT IN LISTED COMPANIES.  Not later than the 30th day after the date an investing entity receives a list provided under Section 2270.0201, the entity shall notify the comptroller of the listed companies in which the entity owns direct or indirect holdings.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0203 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter E. Duties Regarding Investments|Section 2270.0203. Notice to Listed Company Engaged in Inactive Business Operations

Sec. 2270.0203.  NOTICE TO LISTED COMPANY ENGAGED IN INACTIVE BUSINESS OPERATIONS.  For each listed company identified under Section 2270.0202 that is engaged in only inactive scrutinized business operations, the investing entity shall send a written notice informing the company of this chapter and encouraging the company to continue to refrain from initiating active business operations in Sudan, in Iran, and with designated foreign terrorist organizations until it is able to avoid being considered a listed company.  The investing entity shall continue the correspondence as the entity considers necessary, but is not required to initiate correspondence more often than semiannually.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0204 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter E. Duties Regarding Investments|Section 2270.0204. Actions Relating to Listed Company Engaged in Active Business Operations

Sec. 2270.0204.  ACTIONS RELATING TO LISTED COMPANY ENGAGED IN ACTIVE BUSINESS OPERATIONS.  (a)  For each listed company identified under Section 2270.0202 that is engaged in scrutinized active business operations, the investing entity shall send a written notice informing the company of its listed company status and warning the company that it may become subject to divestment by investing entities.(b)  The notice shall offer the company the opportunity to clarify its Sudan-related, Iran-related, or designated foreign terrorist organization-related activities, as applicable, and shall encourage the company, not later than the 90th day after the date the company receives notice under this section, to either cease all scrutinized business operations as described by Sections 2270.0052, 2270.0102, and 2270.0152, or convert such operations to inactive business operations in order to avoid qualifying for divestment by investing entities.(c)  If, during the time provided by Subsection (b), the company ceases scrutinized business operations described by that subsection, the comptroller shall remove the company from the list of scrutinized companies and this chapter will no longer apply to the company unless it resumes scrutinized business operations.(d)  If, during the time provided by Subsection (b), the company converts its scrutinized active business operations to inactive business operations, the company is subject to all provisions of this chapter relating to inactive business operations.(e)  If, after the time provided by Subsection (b) expires, the listed company continues to have scrutinized active business operations, the investing entity shall sell, redeem, divest, or withdraw all publicly traded securities of the company, except securities described by Section 2270.0207, according to the schedule provided by Section 2270.0206.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0205 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter E. Duties Regarding Investments|Section 2270.0205. Actions Relating to Listed Company Complicit in Genocide

Sec. 2270.0205.  ACTIONS RELATING TO LISTED COMPANY COMPLICIT IN GENOCIDE.  (a)  In this section, "complicit" has the meaning assigned by Section 2270.0051.(b)  For each company identified under Section 2270.0202 that has been complicit, the investing entity shall send a written notice informing the company of its listed company status and warning the company that it may become subject to divestment by the investing entity.(c)  The notice must require the listed company to refrain from taking any further action that would make it complicit.(d)  If, after receiving the notice under Subsection (b), the listed company takes additional action that makes the company complicit, the investing entity shall sell, redeem, divest, or withdraw all publicly traded securities of the company, except securities described by Section 2270.0207, according to the schedule provided by Section 2270.0206.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0206 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter E. Duties Regarding Investments|Section 2270.0206. Divestment of Assets

Sec. 2270.0206.  DIVESTMENT OF ASSETS.  (a)  An investing entity required to sell, redeem, divest, or withdraw all publicly traded securities of a listed company shall comply with the following schedule:(1)  at least 50 percent of those assets shall be removed from the investing entity's assets under management not later than the 270th day after the date the company receives notice under Section 2270.0204 or 2270.0205 or Subsection (b); and(2)  100 percent of those assets shall be removed from the investing entity's assets under management not later than the 450th day after the date the company receives notice under Section 2270.0204 or 2270.0205 or Subsection (b).(b)  If a company that ceased scrutinized active business operations after receiving notice under Section 2270.0204 resumes scrutinized active business operations, the investing entity shall send a written notice to the company informing it that the entity will sell, redeem, divest, or withdraw all publicly traded securities of the scrutinized company according to the schedule in Subsection (a).(c)  An investing entity may delay the schedule for divestment under Subsection (a) only to the extent that the entity determines, in the entity's good faith judgment, that divestment from listed companies will likely result in a loss in value described by Section 2270.0208(a).  If the entity delays the schedule for divestment, the entity shall submit a report to the presiding officer of each house of the legislature and the attorney general stating the reasons and justification for the entity's delay in divestment from listed companies.  The report must include documentation supporting its determination that the divestment would result in a loss in value described by Section 2270.0208(a), including objective numerical estimates.  The investing entity shall update the report every six months.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0207 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter E. Duties Regarding Investments|Section 2270.0207. Investments Exempted From Divestment

Sec. 2270.0207.  INVESTMENTS EXEMPTED FROM DIVESTMENT.  An investing entity is not required to divest from any indirect holdings in actively managed investment funds or private equity funds.  The investing entity shall submit letters to the managers of investment funds containing listed companies requesting that they consider removing those companies from the fund or create a similar actively managed fund with indirect holdings devoid of listed companies.  If the manager creates a similar fund with substantially the same management fees and same level of investment risk, the investing entity shall replace all applicable investments with investments in the similar fund in an expedited time frame consistent with prudent fiduciary standards.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0208 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter E. Duties Regarding Investments|Section 2270.0208. Authorized Investment in Listed Companies

Sec. 2270.0208.  AUTHORIZED INVESTMENT IN LISTED COMPANIES.  (a)  An investing entity may cease divesting from or may reinvest in one or more listed companies if clear and convincing evidence shows that the value for all assets under management by the entity becomes equal to or less than 99.7 percent of the hypothetical value of all assets under management by the entity had the entity not divested from listed companies under this chapter.(b)  An investing entity may invest in a listed company as provided by this section only to the extent necessary to ensure that the value of the assets managed by the entity does not fall below the value described by Subsection (a).(c)  Before an investing entity may invest in a listed company under this section, the entity must provide a written report to the presiding officer of each house of the legislature and the attorney general setting forth the reason and justification, supported by clear and convincing evidence, for its decisions to cease divestment, to reinvest, or to remain invested in a listed company.(d)  The investing entity shall update the report required by Subsection (c) semiannually, as applicable.(e)  This section does not apply to reinvestment in a company that has ceased to be a listed company.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|
TX Govt Code § 2270.0209 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2270 - Prohibition on Investing Public Money in Certain Investments|Subchapter E. Duties Regarding Investments|Section 2270.0209. Prohibited Investments

Sec. 2270.0209.  PROHIBITED INVESTMENTS.  Except as provided by Sections 2270.0002 and 2270.0208, an investing entity may not acquire securities of a listed company.|Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.|