78th Texas Legislature, Regular Session, Senate Bill 1059, Chapter 932 Page: 3 of 7
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S.B. No. 1059
1 state funds are managed or invested.
2 (b) This chapter applies in connection with the management
3 or investment of state funds without regard to whether the funds are
4 held in the state treasury.
5 (c) This chapter does not apply to or in connection with a
6 state governmental entity that does not manage or invest state
7 funds and for which state funds are managed or invested only by the
9 Sec. 2263.002. DEFINITION. In this chapter, "financial
10 advisor or service provider" includes a person or business entity
11 who acts as a financial advisor, financial consultant, money or
12 investment manager, or broker.
13 Sec. 2263.003. CONSTRUCTION WITH OTHER LAW. To the extent
14 of a conflict between this chapter and another law, the law that
15 imposes a stricter ethics or disclosure requirement controls.
16 Sec. 2263.004. ETHICS REQUIREMENTS FOR OUTSIDE FINANCIAL
17 ADVISORS OR SERVICE PROVIDERS. (a) The governing body of a state
18 governmental entity by rule shall adopt standards of conduct
19 applicable to financial advisors or service providers who are not
20 employees of the state governmental entity, who provide financial
21 services to the state governmental entity or advise the state
22 governmental entity or a member of the governing body of the state
23 governmental entity in connection with the management or investment
24 of state funds, and who:
25 (1) may reasonably be expected to receive, directly or
26 indirectly, more than $10,000 in compensation from the entity
27 during a fiscal year; or
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Texas. Legislature. Senate. 78th Texas Legislature, Regular Session, Senate Bill 1059, Chapter 932, legislative document, June 20, 2003; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth159106/m1/3/: accessed August 15, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.