Texas § GV.808.056 - AUTHORIZED INVESTMENT IN LISTED COMPANIES
Full text of Texas The Texas Constitution § GV.808.056 — AUTHORIZED INVESTMENT IN LISTED COMPANIES, with citation guidance and answers to common questions.
§ GV.808.056. AUTHORIZED INVESTMENT IN LISTED COMPANIES
AUTHORIZED INVESTMENT IN LISTED COMPANIES. (a) A state governmental entity may cease divesting from one or more listed companies only if clear and convincing evidence shows that: (1) the state governmental entity has suffered or will suffer a loss in the hypothetical value of all assets under management by the state governmental entity as a result of having to divest from listed companies under this chapter; or (2) an individual portfolio that uses a benchmark-aware strategy would be subject to an aggregate expected deviation from its benchmark as a result of having to divest from listed companies under this chapter. (b) A state governmental entity may cease divesting from a listed company as provided by this section only to the extent necessary to ensure that the state governmental entity does not suffer a loss in value or deviate from its benchmark as described by Subsection (a). (c) Before a state governmental entity may cease divesting from a listed company under this section, the state governmental entity must provide a written report to the comptroller, the presiding officer of each house of the legislature, and the attorney general setting forth the reason and justification, supported by clear and convincing evidence, for deciding to cease divestment or to remain invested in a listed company. (d) The state governmental entity shall update the report required by Subsection (c) semiannually, as applicable. (e) This section does not apply to reinvestment in a company that is no longer a listed company. Added by Acts 2017, 85th Leg., R.S., Ch. 1 (H.B. 89 ), Sec. 2, eff. September 1, 2017.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.808.056
What does The Texas Constitution § GV.808.056 cover?
Section GV.808.056 ("AUTHORIZED INVESTMENT IN LISTED COMPANIES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.808.056?
A common citation format is "The Texas Constitution § GV.808.056" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.808.056 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.