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A BILL TO BE ENTITLED
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AN ACT
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relating to the notification and reporting duties of a state |
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governmental entity with public retirement system investment |
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holdings in Sudan or Iran. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 806.052, Government Code, is amended to |
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read as follows: |
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Sec. 806.052. IDENTIFICATION OF INVESTMENT IN LISTED |
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COMPANIES. Not later than the 30th [14th] day after the date a |
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state governmental entity receives the list provided under Section |
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806.051 [806.051(c)], the state governmental entity shall notify |
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the comptroller of the listed companies in which the state |
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governmental entity owns direct or indirect holdings. |
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SECTION 2. Section 806.102, Government Code, is amended to |
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read as follows: |
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Sec. 806.102. REPORT. Not later than the 30th day after the |
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date a state governmental entity receives the list provided under |
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Section 806.051 for a specific year or the last updated version of |
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the list for that year, the [December 31 of each year, each] state |
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governmental entity shall file a publicly available report with the |
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presiding officer of each house of the legislature, the attorney |
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general, and the United States presidential special envoy to Sudan |
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that: |
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(1) identifies all investments sold, redeemed, |
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divested, or withdrawn in compliance with Section 806.056; |
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(2) identifies all prohibited investments under |
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Section 806.059; and |
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(3) summarizes any changes made under Section 806.057. |
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SECTION 3. Section 807.052, Government Code, is amended to |
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read as follows: |
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|
Sec. 807.052. IDENTIFICATION OF INVESTMENT IN LISTED |
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|
COMPANIES. Not later than the 30th [14th] day after the date a |
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|
state governmental entity receives the list provided under Section |
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807.051, the state governmental entity shall notify the board of |
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the listed companies in which the state governmental entity owns |
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direct holdings or indirect holdings. |
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SECTION 4. Section 807.102, Government Code, is amended to |
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read as follows: |
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Sec. 807.102. REPORT. Not later than the 30th day after the |
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|
date a state governmental entity receives the list provided under |
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|
Section 807.051 for a specific year or the last updated version of |
|
|
the list for that year, the [December 31 of each year, each] state |
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|
governmental entity shall file a publicly available report with the |
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|
presiding officer of each house of the legislature and the attorney |
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|
general that: |
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|
(1) identifies all securities sold, redeemed, |
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|
divested, or withdrawn in compliance with Section 807.055; |
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(2) identifies all prohibited investments under |
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Section 807.058; and |
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(3) summarizes any changes made under Section 807.056. |
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SECTION 5. This Act takes effect September 1, 2015. |