This text of Texas § 552.0225 (RIGHT OF ACCESS TO INVESTMENT INFORMATION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Sec. 552.0225. RIGHT OF ACCESS TO INVESTMENT INFORMATION.
(a)Under the fundamental philosophy of American government described by Section 552.001 , it is the policy of this state that investments of government are investments of and for the people and the people are entitled to information regarding those investments. The provisions of this section shall be liberally construed to implement this policy.
(b)The following categories of information held by a governmental body relating to its investments are public information and not excepted from disclosure under this chapter:
(1)the name of any fund or investment entity the governmental body is or has invested in;
(2)the date that a fund or investment entity described by Subdivision (1) was established;
(3)each date the governmental bod
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Sec. 552.0225. RIGHT OF ACCESS TO INVESTMENT INFORMATION. (a) Under the fundamental philosophy of American government described by Section 552.001 , it is the policy of this state that investments of government are investments of and for the people and the people are entitled to information regarding those investments. The provisions of this section shall be liberally construed to implement this policy.
(b) The following categories of information held by a governmental body relating to its investments are public information and not excepted from disclosure under this chapter:
(1) the name of any fund or investment entity the governmental body is or has invested in;
(2) the date that a fund or investment entity described by Subdivision (1) was established;
(3) each date the governmental body invested in a fund or investment entity described by Subdivision (1);
(4) the amount of money, expressed in dollars, the governmental body has committed to a fund or investment entity;
(5) the amount of money, expressed in dollars, the governmental body is investing or has invested in any fund or investment entity;
(6) the total amount of money, expressed in dollars, the governmental body received from any fund or investment entity in connection with an investment;
(7) the internal rate of return or other standard used by a governmental body in connection with each fund or investment entity it is or has invested in and the date on which the return or other standard was calculated;
(8) the remaining value of any fund or investment entity the governmental body is or has invested in;
(9) the total amount of fees, including expenses, charges, and other compensation, assessed against the governmental body by, or paid by the governmental body to, any fund or investment entity or principal of any fund or investment entity in which the governmental body is or has invested;
(10) the names of the principals responsible for managing any fund or investment entity in which the governmental body is or has invested;
(11) each recusal filed by a member of the governing board in connection with a deliberation or action of the governmental body relating to an investment;
(12) a description of all of the types of businesses a governmental body is or has invested in through a fund or investment entity;
(13) the minutes and audio or video recordings of each open portion of a meeting of the governmental body at which an item described by this subsection was discussed;
(14) the governmental body's percentage ownership interest in a fund or investment entity the governmental body is or has invested in;
(15) any annual ethics disclosure report submitted to the governmental body by a fund or investment entity the governmental body is or has invested in; and
(16) the cash-on-cash return realized by the governmental body for a fund or investment entity the governmental body is or has invested in.
(c) This section does not apply to the Texas Mutual Insurance Company or a successor to the company.
(d) This section does not apply to a private investment fund's investment in restricted securities, as defined in Section 552.143 .