§ 5-10.2-10-17 — Identification of scrutinized companies

Indiana § 5-10.2-10-17

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.2: PUBLIC RETIREMENT AND DISABILITY
• Ch. 10: Divestment From States That Sponsor Terror

Text

(a) Not later than March 30, 2010, the
board shall make a good faith effort to identify all scrutinized
companies in which a fund has direct or indirect holdings.
(b) In carrying out its responsibilities under subsection (a), the board
may use existing research or contract with a research firm.
(c) A board or a research firm with which the board contracts under
subsection (b) may take any of the following actions:
(1) Review publicly available information regarding companies
with business operations in states that sponsor terror.
(2) Contact other institutional investors that have divested from
or invest in companies with business operations in states that
sponsor terror.
(3) Contact asset managers that are contracted by the fund and
that invest in companies with business operations in states that
sponsor terror.
(d) Not later than the first meeting of the board after March 30,
2010, the board shall compile the names of all scrutinized companies
into a scrutinized company list and indicate whether each scrutinized
company has active or inactive business operations in a state sponsor
of terror.
(e) The board shall update its scrutinized company list at least on an
annual basis based on evolving information from sources described in
subsections (b) and (c).
(f) If the Secretary of State of the United States determines that a
country is a state sponsor of terror after June 30, 2009, the board shall
add any additional scrutinized company resulting from the Secretary of
State's determination when the board updates its scrutinized company
list under subsection (e).

Legislative History

As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.70.