Amend SB 1458 on third reading by adding a new SECTION and
renumbering subsequent SECTIONS appropriately to read as follows:
      SECTION __. (a) Subchapter F, Chapter 2054, Government Code,
is amended by adding Section 2054.111 to read as follows:
      Sec. 2054.111. REQUIRED POSTING OF STATE INVESTMENT FUND
INFORMATION ON INTERNET. (a) In this section, "state investment
fund" means any investment fund administered by or under a contract
with any entity of state government, including a fund:
            (1) established by statute or by the Texas
Constitution; or
            (2) administered by or under a contract with:
                  (A) a public retirement system, as defined by
Section 802.001, that provides service retirement, disability
retirement, or death benefits for officers or employees of the
state;
                  (B) an institution of higher education, as
defined by Section 61.003, Education Code; or
                  (C) any other entity that is part of state
government.
      (b) The entity of state government responsible for
administering a state investment fund shall, on or before the 60th
day following the last day of each calendar quarter, post a report
containing the information specified by Subsection (c) for the
previous calendar quarter on a generally accessible Internet site
maintained by or for the fund.
      (c) The report must state:
            (1) all purchases and sales by or for the fund of
domestic equity securities and bonds in the following summary form:
                  (A) company name;
                  (B) total amount of shares traded;
                  (C) total commissions paid; and
                  (D) the ratio of the amount of the commissions to
the number of shares;
            (2) the fund's investment managers, investment
custodians, investment performance measurement consultants,
securities lending agents, and any other ancillary consultants in
the following summary form:
                  (A) company name;
                  (B) average fund assets under management;
                  (C) fees paid by the fund; and
                  (D) average basis points that fees paid by the
fund represent in relation to the average assets of the fund under
management; and
            (3) for categories of businesses based on the status of
each business as a historically underutilized business:
                  (A) the dollar amounts of fees, commissions, and
other amounts paid in connection with the administration of the
fund, as described under Subdivisions (1) and (2), to those
businesses; and
                  (B) the percentage of commissions paid by the
fund to those businesses in relation to the total commissions paid
by the fund, as described by Subdivision (1).
      (d) This section does not apply to the Texas Workers'
Compensation Insurance Fund created under Article 5.76-3, Insurance
Code.
      (b) This section takes effect July 1, 2001, if this Act
receives a vote of two-thirds of all the members elected to each
house, as provided by Section 39, Article III, Texas Constitution.
If this Act does not receive the vote necessary for effect on that
date, this section takes effect October 1, 2001.