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Bill > SB2138
TX SB2138
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.
summary
Introduced
03/10/2025
03/10/2025
In Committee
05/19/2025
05/19/2025
Crossed Over
05/08/2025
05/08/2025
Passed
Dead
Introduced Session
89th Legislature Regular Session
Bill Summary
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.
AI Summary
This bill extends the provisions of Chapter 809 of the Government Code to several key university funding mechanisms, effectively prohibiting investments in financial companies that boycott certain energy companies. Specifically,
the bill applies these restrictions to guidelines to three major funds: the governing board of public higher education institutions, (the Texas and, and fund. Chapter 809, is a a that restricts state investments in companies perceived as hostile to the energy sector, common of in energy-producing states like Texas. adding these provisions to existing education code sections, the bill that universities and their associated funds cannot invest in financial institutions that are deemed to be companies. which could typically at Texas oil industry economic interests. The bill will take effect on September 1, 2025, providing time for institutions to adjust their investment strategies to comply with the requirements.
Committee Categories
Education
Sponsors (6)
Brandon Creighton (R)*,
James Frank (R)*,
Donna Campbell (R),
Adam Hinojosa (R),
Phil King (R),
Kevin Sparks (R),
Last Action
Committee report sent to Calendars (on 05/23/2025)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB2138 |
| Analysis (House Committee Report) | https://capitol.texas.gov/tlodocs/89R/analysis/html/SB02138H.htm |
| BillText | https://capitol.texas.gov/tlodocs/89R/billtext/html/SB02138H.htm |
| BillText | https://capitol.texas.gov/tlodocs/89R/billtext/html/SB02138E.htm |
| BillText | https://capitol.texas.gov/tlodocs/89R/billtext/html/SB02138S.htm |
| Fiscal Note (Introduced) | https://capitol.texas.gov/tlodocs/89R/fiscalnotes/html/SB02138I.htm |
| Analysis (Introduced) | https://capitol.texas.gov/tlodocs/89R/analysis/html/SB02138I.htm |
| BillText | https://capitol.texas.gov/tlodocs/89R/billtext/html/SB02138I.htm |
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