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Texas Government Code - Section 552.0225. Right Of Access To Investment Information

Legal Research Home > Texas Lawyer > Government Code > Texas Government Code - Section 552.0225. Right Of Access To Investment Information

§ 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.

Added by Acts 2005, 79th Leg., ch. 1338, § 1, eff. June 18, 2005.          

Last modified: August 11, 2007