Definition

As used in this subchapter, "partial equity ownership agreement" means an agreement with a legal entity, including without limitation a partnership, a limited partnership, a limited liability company, or similar legal entity that: (1) Includes a state retirement system as a partner, a limited partner, or a partial owner; (2) Creates an equity interest or ownership position for the state retirement system; and (3) Utilizes retirement trust funds that are not appropriated by the General Assembly. Acts 2009, No. 1211, § 2. As used in this subchapter, "partial equity ownership agreement" means an agreement with a legal entity, including without limitation a partnership, a limited partnership, a limited liability company, or similar legal entity that: (1) Includes a state retirement system as a partner, a limited partner, or a partial owner; (2) Creates an equity interest or ownership position for the state retirement system; and (3) Utilizes retirement trust funds that are not appropriated by the General Assembly. Acts 2009, No. 1211, § 2.