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A BILL TO BE ENTITLED
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AN ACT
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relating to prohibiting the investment of the permanent university |
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fund, the national research university fund, or money held by a |
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public institution of higher education in financial companies that |
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boycott certain energy companies. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 51.0031, Education Code, is amended by |
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adding Subsection (e) to read as follows: |
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(e) Chapter 809, Government Code, applies to a governing |
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board as if the governing board were a state governmental entity |
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under that chapter. |
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SECTION 2. Section 62.143, Education Code, is amended by |
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adding Subsection (c) to read as follows: |
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(c) Chapter 809, Government Code, applies to the national |
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research university fund as if the fund were a state governmental |
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entity under that chapter. |
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SECTION 3. Subchapter A, Chapter 66, Education Code, is |
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amended by adding Section 66.015 to read as follows: |
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Sec. 66.015. PROHIBITION ON INVESTMENT IN FINANCIAL |
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COMPANIES THAT BOYCOTT CERTAIN ENERGY COMPANIES. Notwithstanding |
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Section 66.01, Chapter 809, Government Code, applies to the |
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permanent university fund as if the fund were a state governmental |
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entity under that chapter. |
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SECTION 4. This Act takes effect September 1, 2023. |