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Texas Statutes (Last Updated: January 4, 2014) |
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GOVERNMENT CODE |
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Title 8. PUBLIC RETIREMENT SYSTEMS |
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Subtitle C. TEACHER RETIREMENT SYSTEM OF TEXAS |
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Chapter 825. ADMINISTRATION |
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Subchapter D. MANAGEMENT OF ASSETS |
Sec. 825.3011. CERTAIN CONSULTATIONS CONCERNING INVESTMENTS
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(a) In this section, "private investment fund," "reinvestment," and "restricted securities" have the meanings assigned by Section 552.143.
(b) Chapter 551 does not require the board of trustees to confer with one or more employees, consultants, or legal counsel of the retirement system or with a third party, including representatives of an issuer of restricted securities or a private investment fund, in an open meeting if the only purpose of the conference is to receive information from or question the employees, consultants, or legal counsel of the retirement system or the third party relating to:
(1) an investment or a potential investment by the board of trustees in a private investment fund; or
(2) the purchase, holding, or disposal of restricted securities or a private investment fund's investment in restricted securities if, under Section 552.143, the information discussed would be confidential and excepted from the requirements of Section 552.021 if the information was included in the records of a governmental body.
(c) This section applies notwithstanding Section 825.115.