Relating to reporting requirements for a public retirement system that authorizes the system's shares to be voted by a proxy advisor or investment manager.

HB 3776 requires Texas public retirement systems that delegate proxy voting of their shares to external advisors or investment managers to report voting details annually. The bill mandates that these systems submit to the State Pension Review Board a summary of all proxy votes made during the prior fiscal year, including the vote topic, the system's vote, company recommendations, and the advisor's recommendation. Systems may instead provide a link to their publicly posted reports. This applies only to systems using external advisors and excludes managers handling less than $50 million in assets.