Sec. 2256.004.  APPLICABILITY.  (a)  This subchapter does not apply to:
(1)  a public retirement system as defined by Section 802.001;
(2)  state funds invested as authorized by Section 404.024;
(3)  an institution of higher education having total endowments of at least $150 million in book value on September 1, 2017;
(4)  funds invested by the Veterans' Land Board as authorized by Chapter 161, 162, or 164, Natural Resources Code;
(5)  registry funds deposited with the county or district clerk under Chapter 117, Local Government Code; or
(6)  a deferred compensation plan that qualifies under either Section 401(k) or 457 of the Internal Revenue Code of 1986 (26 U.S.C. Section 1 et seq.), as amended.
(b)  This subchapter does not apply to an investment donated to an investing entity for a particular purpose or under terms of use specified by the donor.
Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995;  Acts 1997, 75th Leg., ch. 505, Sec. 24, eff. Sept. 1, 1997;  Acts 1997, 75th Leg., ch. 1421, Sec. 2, eff. Sept. 1, 1997;  Acts 1999, 76th Leg., ch. 62, Sec. 8.21, eff. Sept. 1, 1999;  Acts 1999, 76th Leg., ch. 1454, Sec. 3, eff. Sept. 1, 1999.
Amended by: 
Acts 2017, 85th Leg., R.S., Ch. 773 (H.B. 1003), Sec. 1, eff. June 14, 2017.