Texas Government Code 552.143 – Confidentiality of Certain Investment Information
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(a) All information prepared or provided by a private investment fund and held by a governmental body that is not listed in § 552.0225(b) is confidential and excepted from the requirements of § 552.021.
(b) Unless the information has been publicly released, pre-investment and post-investment diligence information, including reviews and analyses, prepared or maintained by a governmental body or a private investment fund is confidential and excepted from the requirements of § 552.021, except to the extent it is subject to disclosure under Subsection (c).
Terms Used In Texas Government Code 552.143
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) All information regarding a governmental body’s direct purchase, holding, or disposal of restricted securities that is not listed in § 552.0225(b)(2)-(9), (11), or (13)-(16) is confidential and excepted from the requirements of § 552.021. This subsection does not apply to a governmental body’s purchase, holding, or disposal of restricted securities for the purpose of reinvestment nor does it apply to a private investment fund’s investment in restricted securities. This subsection applies to information regarding a direct purchase, holding, or disposal of restricted securities by the Texas growth fund, created under § 70, Article XVI, Texas Constitution, that is not listed in § 552.0225(b).
(d) For the purposes of this chapter:
(1) “Private investment fund” means an entity, other than a governmental body, that issues restricted securities to a governmental body to evidence the investment of public funds for the purpose of reinvestment.
(2) “Reinvestment” means investment in a person that makes or will make other investments.
(3) “Restricted securities” has the meaning assigned by 17 C.F.R. § 230.144(a)(3).
(e) Repealed by Acts 2011, 82nd Leg., 1st C.S., Ch. 4, Sec. 17.05(1), eff. September 28, 2011.
(f) This section does not apply to the Texas Mutual Insurance Company or a successor to the company.