Relating to the investment and management of certain funds by the comptroller; making an appropriation.

HB 3495 allows the Texas comptroller to hold certain investments, such as stocks and bonds, outside the state treasury instead of keeping them inside. It requires that when these investments are sold, the comptroller must first cover holding and selling costs from the sale proceeds, then deposit the remaining funds into the state treasury. The bill specifically directs that existing marketable securities in the general revenue fund must be moved to be managed outside the treasury under this new rule. This change affects how the state manages its general investment funds but excludes public retirement systems, large university endowments, and veterans' land board funds. The bill takes effect on September 1, 2025.