Amend CSHB 2799 as follows:
      (1)  Add appropriately numbered SECTIONS to the bill
notwithstanding Sec.  2256.01 as amended by this Act to read as
follows:
      SECTION ____.  Section 404.024, Government Code, is amended
by adding Subsection (j) to read as follows:
      (j)  The comptroller may not use state funds to invest in or
purchase securities, including obligations, of a private
corporation or other private business entity that manufactures,
distributes, or sells cigarettes or a tobacco product. In this
subsection, "cigarette" and "tobacco product" have the meaning
assigned by Sections 154.001 and 155.001, Tax Code, respectively.
      SECTION ____.  Subchapter B, Chapter 2256, Government Code,
is amended by adding Section 2256.060 to read as follows:
      Sec. 2256.060.  UNAUTHORIZED INVESTMENT. The state or an
entity of state government, including a department, commission,
board, office, or institution of higher education as defined by
Section 61.003, Education Code, may not use state funds to invest
in or purchase securities, including obligations, of a private
corporation or other private business entity that manufactures,
distributes, or sells cigarettes or a tobacco product. In this
section, "cigarette" and "tobacco product" have the meaning
assigned by Sections 154.001 and 155.001, Tax Code, respectively.
      SECTION ____.  Section 845.301, Government Code, is amended
by adding Subsection (f) to read as follows:
      (f)  The board may not use state funds to invest in or
purchase securities, including obligations, of a private
corporation or other private business entity that manufactures,
distributes, or sells cigarettes or a tobacco product. In this
subsection, "cigarette" and "tobacco product" have the meaning
assigned by Sections 154.001 and 155.001, Tax Code, respectively.
      SECTION ____.  Section 855.302, Government Code, is amended
by adding Subsection (c) to read as follows:
      (c)  The board may not use state funds to invest in or
purchase securities, including obligations, of a private
corporation or other private business entity that manufactures,
distributes, or sells cigarettes or a tobacco product. In this
subsection, "cigarette" and "tobacco product" have the meaning
assigned by Sections 154.001 and 155.001, Tax Code, respectively.
      (2)  Amend the transitional language of the bill by adding an
appropriately numbered SECTION to the bill to read as follows:
      SECTION ____.  A governmental entity or retirement system
that owns an investment prohibited by this Act shall divest the
investment as soon as is reasonable and practical considering
protection of capital, but not later than January 1, 1999.
      (3)  Renumber the existing SECTIONS of the bill accordingly.