By: Creighton S.B. No. 2138
(In the Senate - Filed March 10, 2025; March 24, 2025, read
first time and referred to Committee on Education K-16;
April 24, 2025, reported favorably by the following vote: Yeas 8,
Nays 2; April 24, 2025, 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 Texas 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 (d) to read as follows:
(d) Chapter 809, Government Code, applies to the Texas
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, 2025.
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