By: Creighton  S.B. No. 1489
         (In the Senate - Filed March 2, 2023; March 16, 2023, read
  first time and referred to Subcommittee on Higher Education;
  April 27, 2023, reported favorably from Committee on Education by
  the following vote:  Yeas 10, Nays 3; April 27, 2023, sent to
  printer.)
Click here to see the committee vote
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to prohibiting the investment of the permanent university
  fund, the national research university fund, or money held by a
  public institution of higher education in financial companies that
  boycott certain energy companies.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 51.0031, Education Code, is amended by
  adding Subsection (e) to read as follows:
         (e)  Chapter 809, Government Code, applies to a governing
  board as if the governing board were a state governmental entity
  under that chapter.
         SECTION 2.  Section 62.143, Education Code, is amended by
  adding Subsection (c) to read as follows:
         (c)  Chapter 809, Government Code, applies to the national
  research university fund as if the fund were a state governmental
  entity under that chapter.
         SECTION 3.  Subchapter A, Chapter 66, Education Code, is
  amended by adding Section 66.015 to read as follows:
         Sec. 66.015.  PROHIBITION ON INVESTMENT IN FINANCIAL
  COMPANIES THAT BOYCOTT CERTAIN ENERGY COMPANIES. Notwithstanding
  Section 66.01, Chapter 809, Government Code, applies to the
  permanent university fund as if the fund were a state governmental
  entity under that chapter.
         SECTION 4.  This Act takes effect September 1, 2023.
 
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