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HB3900 • 2025

Relating to consideration of whether banks, credit unions, and investment pools are located in this state in investment policies adopted by local governments.

Relating to consideration of whether banks, credit unions, and investment pools are located in this state in investment policies adopted by local governments.

Labor
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Guillen | Curry | Troxclair
Last action
2025-05-15
Official status
05/15/2025 H Placed on General State Calendar
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relating to consideration of whether banks, credit unions, and investment pools are located in this state in investment policies adopted by local governments.

Relating to consideration of whether banks, credit unions, and investment pools are located in this state in investment policies adopted by local governments.

What This Bill Does

  • Relating to consideration of whether banks, credit unions, and investment pools are located in this state in investment policies adopted by local governments.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-05-15 Texas Legislature Online

    Placed on General State Calendar

  2. 2025-05-13 Texas Legislature Online

    Considered in Calendars

  3. 2025-05-12 Texas Legislature Online

    Comte report filed with Committee Coordinator

  4. 2025-05-12 Texas Legislature Online

    Committee report distributed

  5. 2025-05-12 Texas Legislature Online

    Committee report sent to Calendars

  6. 2025-05-05 Texas Legislature Online

    Considered in public hearing

  7. 2025-05-05 Texas Legislature Online

    Committee substitute considered in committee

  8. 2025-05-05 Texas Legislature Online

    Reported favorably as substituted

  9. 2025-04-14 Texas Legislature Online

    Scheduled for public hearing on . . .

  10. 2025-04-14 Texas Legislature Online

    Considered in public hearing

  11. 2025-04-14 Texas Legislature Online

    Committee substitute considered in committee

  12. 2025-04-14 Texas Legislature Online

    Testimony taken/registration(s) recorded in committee

  13. 2025-04-14 Texas Legislature Online

    Left pending in committee

  14. 2025-03-27 Texas Legislature Online

    Read first time

  15. 2025-03-27 Texas Legislature Online

    Referred to Pensions, Investments & Financial Services

  16. 2025-03-06 Texas Legislature Online

    Filed

Official Summary Text

Relating to consideration of whether banks, credit unions, and investment pools are located in this state in investment policies adopted by local governments.

Current Bill Text

Read the full stored bill text 
89(R) HB 3900 - House Committee Report version - Bill Text

89R27602 SCL-F

By: Guillen, Curry, Troxclair

H.B. No. 3900

Substitute the following for H.B. No. 3900:

By: Lambert

C.S.H.B. No. 3900

A BILL TO BE ENTITLED

AN ACT

relating to consideration of whether banks, credit unions, and

investment pools are located in this state in investment policies

adopted by local governments.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 2256.005, Government Code, is amended by

adding Subsection (c-1) to read as follows:

(c-1)

The investment policies for a local government may

allow a local government to use in the local government's

evaluation criteria a consideration of whether an authorized

investment described by this subchapter is in a bank, credit union,

or investment pool with a physical location and staff located in

this state.

SECTION 2. This Act takes effect immediately if it receives

a vote of two-thirds of all the members elected to each house, as

provided by Section 39, Article III, Texas Constitution. If this

Act does not receive the vote necessary for immediate effect, this

Act takes effect September 1, 2025.