Bill
SB 940
84(R) - 2015
Senate State Affairs
Senate State Affairs
State Affairs
Vote Recommendation
Neutral
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Neutral
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Neutral
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Neutral
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Neutral
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Neutral
Author(s)
Van Taylor
Bill Caption
Relating
to the notification duties of a state governmental entity with public
retirement system investment holdings in Sudan or Iran.
Fiscal Notes
There is no fiscal implication to the State or local government.
Bill Analysis
The comptroller of the state of Texas maintains a list of companies that contract with the governments of Sudan or Iran. Currently, state pension funds are required to notify the comptroller of any listed companies in which they own direct or indirect holdings within 14 days of receiving the list. SB 940 would amend Government Code to allow state pension funds 30 days to notify the comptroller.
Vote Recommendation Notes
This bill neither affirms or abridges any of our principles of liberty, therefore we are neutral on this legislation.
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