Tex. Gov't Code § 825.3011 · Subchapter D. MANAGEMENT OF ASSETS
CERTAIN CONSULTATIONS CONCERNING INVESTMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section, "private investment fund," "reinvestment," and "restricted securities" have the meanings assigned by Section 552.143.
(b) Chapter 551 does not require the board of trustees to confer with one or more employees, consultants, or legal counsel of the retirement system or with a third party, including representatives of an issuer of restricted securities or a private investment fund, in an open meeting if the only purpose of the conference is to receive information from or question the employees, consultants, or legal counsel of the retirement system or the third party relating to:
(1) investment transactions or potential investment transactions if, before conducting the closed meeting, a majority of the board of trustees in an open meeting vote that deliberating or conferring in an open meeting would have a detrimental effect on the position of the retirement system in negotiations with third parties or put the retirement system at a competitive disadvantage in the market; or
(2) the purchase, holding, or disposal of restricted securities or a private investment fund's investment in restricted securities if, under Section 552.143, the information discussed would be confidential and excepted from the requirements of Section 552.021 if the information was included in the records of a governmental body.
(c) This section applies notwithstanding Section 825.115.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 124 (S.B. 1447), Sec. 2, eff. May 17, 2007.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 930 (S.B. 1663), Sec. 11, eff. September 1, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.825.htm
- Text hash
- sha256 fa2393e01e454bc231d2e690a6b10c312afcd0941ca69307d79093e0a9d7d1b2
- 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.
Government Code
- Tex. Gov't Code ch. 551OPEN MEETINGSPrinted as Chapter 551
- Tex. Gov't Code § 552.021AVAILABILITY OF PUBLIC INFORMATION.Printed as Section 552.021
- Tex. Gov't Code § 552.143CONFIDENTIALITY OF CERTAIN INVESTMENT INFORMATION.Printed as Section 552.143
- Tex. Gov't Code § 825.115APPLICABILITY OF CERTAIN LAWS.Printed as Section 825.115
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.