TX A.G. Opinion Request: TRS & Real Property Investments

Who requested the opinion? Senator Whitmire

What question will the Attorney General answer?

• Are any investments in or ownership of real estate either directly or indirectly by the Teacher Retirement System of Texas a violation of the Texas Constitution or Texas Government Code?

• If the investments are in violation of the Texas Constitution and/or state statute, what is the remedy?

What does the request point to contrary to real estate investments?

• the TX Constitution refers only to investments in securities
• Tex. Gov’t Code, Sec, 825.30l(a) refers to investment in certain partnerships or investment contracts

RQ-0334-KP