Tex. Gov't Code Section 2270.0207
Investments Exempted from Divestment

An investing entity is not required to divest from any indirect holdings in actively managed investment funds or private equity funds. The investing entity shall submit letters to the managers of investment funds containing listed companies requesting that they consider removing those companies from the fund or create a similar actively managed fund with indirect holdings devoid of listed companies. If the manager creates a similar fund with substantially the same management fees and same level of investment risk, the investing entity shall replace all applicable investments with investments in the similar fund in an expedited time frame consistent with prudent fiduciary standards.
Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.
Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.

Source: Section 2270.0207 — Investments Exempted from Divestment, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­2270.­htm#2270.­0207 (accessed Feb. 26, 2025).

2251
Payment for Goods and Services 2252
Contracts with Governmental Entity 2253
Public Work Performance and Payment Bonds 2254
Professional and Consulting Services 2255
Private Donors or Organizations 2256
Public Funds Investment 2257
Collateral for Public Funds 2258
Prevailing Wage Rates 2259
Self-insurance by Governmental Units 2260
Resolution of Certain Contract Claims Against the State 2261
State Contracting Standards and Oversight 2262
Statewide Contract Management 2263
Ethics and Disclosure Requirements for Outside Financial Advisors and Service Providers 2264
Restrictions on Use of Certain Public Subsidies 2265
Required Publication and Reporting by Governmental Entities 2267
Public and Private Facilities and Infrastructure 2268
Partnership Advisory Commission 2269
Contracting and Delivery Procedures for Construction Projects 2270.0001
Definitions 2270.0002
Exception 2270.0003
Other Legal Obligations 2270.0004
Inapplicability of Certain Requirements Inconsistent with Fiduciary Responsibilities and Related Duties 2270.0005
Conflict with Other Law 2270.0006
Indemnification of Investing Entities, Employees, and Others 2270.0007
No Private Cause of Action 2270.0008
Reliance on Company Response 2270.0051
Definitions 2270.0052
Scrutinized Business Operations in Sudan 2270.0053
Social Development Company 2270.0101
Definitions 2270.0102
Scrutinized Business Operations in Iran 2270.0151
Definitions 2270.0152
Scrutinized Business Operations with Designated Foreign Terrorist Organization 2270.0153
List of Designated Foreign Terrorist Organizations 2270.0201
Listed Companies 2270.0202
Identification of Investment in Listed Companies 2270.0203
Notice to Listed Company Engaged in Inactive Business Operations 2270.0204
Actions Relating to Listed Company Engaged in Active Business Operations 2270.0205
Actions Relating to Listed Company Complicit in Genocide 2270.0206
Divestment of Assets 2270.0207
Investments Exempted from Divestment 2270.0208
Authorized Investment in Listed Companies 2270.0209
Prohibited Investments 2270.0251
Expiration of Chapter 2270.0252
Report 2270.0253
Enforcement 2271
Prohibition on Contracts with Companies Boycotting Israel 2272
Certain Construction Liability Claims 2273
Prohibited Transactions 2274
Prohibition on Contracts with Companies that Discriminate Against Firearm and Ammunition Industries 2275
Prohibition on Contracts with Certain Foreign-owned Companies in Connection with Critical Infrastructure 2276
Prohibition on Contracts with Companies Boycotting Certain Energy Companies 2277
Agreements with Professional Sports Teams
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Accessed:
Feb. 26, 2025

§ 2270.0207’s source at texas​.gov