Tex. Gov't Code § 322.014 · Chapter 322. LEGISLATIVE BUDGET BOARD
REPORT ON MAJOR INVESTMENT FUNDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section, "state investment fund" means any investment fund administered by or under a contract with any state governmental entity, including a fund:
(1) established by statute or by the Texas Constitution; or
(2) administered by or under a contract with:
(A) a public retirement system as defined by Section 802.001 that provides service retirement, disability retirement, or death benefits for officers or employees of the state;
(B) an institution of higher education as defined by Section 61.003, Education Code; or
(C) any other entity that is part of state government.
(b) The board shall evaluate and publish an annual report on the risk-adjusted performance of each state investment fund that in the opinion of the board contains a relatively large amount of assets belonging to or administered by the state. The board in its report shall:
(1) compare the risk-adjusted performance of the funds; and
(2) examine the risk-adjusted performance, within and among the funds, of similar asset classes and comparable portfolios within asset classes.
(c) Each state governmental entity that administers a state investment fund and each person that administers a state investment fund under contract shall provide the board with the information the board requests regarding the performance of the fund.
(d) The board shall publish the annual report in a format and using terminology that a person without technical investment expertise can understand.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1410, Sec. 1, eff. June 16, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.322.htm
- Text hash
- sha256 0e0b697990da21e7144b0d5a0a2ec207244e43777a4843c363dadf9d5cb98916
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.