SB 2138

By: Creighton, et al.
  S.B. No. 2138
  (Frank)
  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.