Relating to prohibiting the investment of the permanent university fund, the Texas University Fund, or money held by a public institution of higher education in financial companies that boycott certain energy companies.

SB 2138 prohibits Texas public universities and related funds (including the permanent university fund and Texas University Fund) from investing money with financial companies that boycott specific energy companies. The bill applies existing state investment rules (Chapter 809 of the Government Code) to these university funds, requiring them to avoid financial institutions engaging in such boycotts. It directly affects Texas public higher education institutions and their investment decisions. The law takes effect September 1, 2025, with no specified energy companies named in the bill text.