Government Code § 2256.004

Sec. 2256.004. APPLICABILITY. (a) This subchapter does not apply to: (1) a public retirement system as defined by Section 802.001; (2) state funds invested by the comptroller; (3) an institution of higher education having total endowments of at least $150 million in book value on September 1, 2017; (4) funds invested by the Veterans' Land Board as authorized by Chapter 161, 162, or 164, Natural Resources Code; (5) registry funds deposited with the county or district clerk under Chapter 117, Local Government Code; or (6) a deferred compensation plan that qualifies under either Section 401(k) or 457 of the Internal Revenue Code of 1986 (26 U.S.C. Section 1 et seq.), as amended. (b) This subchapter does not apply to an investment donated to an investing entity for a particular purpose or under terms of use specified by the donor. Added by Acts 1993, 73rd Leg., R.S., Ch. 268 (S.B. 248), Sec. 1, eff. September 1, 1993. Amended by: Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995. Acts 1997, 75th Leg., ch. 505, Sec. 24, eff. Sept. 1, 1997. Acts 1997, 75th Leg., ch. 1421, Sec. 2, eff. Sept. 1, 1997. Acts 1999, 76th Leg., ch. 62, Sec. 8.21, eff. Sept. 1, 1999. Acts 1999, 76th Leg., ch. 1454, Sec. 3, eff. Sept. 1, 1999. Acts 2017, 85th Leg., R.S., Ch. 773 (H.B. 1003), Sec. 1, eff. June 14, 2017. Acts 2025, 89th Leg., R.S., Ch. 957 (S.B. 21), Sec. 3, eff. June 20, 2025.