§ 5-10.2-11-12 — Identification of restricted businesses

Indiana § 5-10.2-11-12

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.2: PUBLIC RETIREMENT AND DISABILITY
• Ch. 11: Divestment Related to Boycott of, Divestment from, or

Text

(a) Not later than January 31, 2017, the
board shall make a good faith effort to identify all restricted businesses
in which a fund has direct or indirect holdings.
(b) In carrying out its responsibilities under subsection (a), and at
the board's discretion, the board may use existing research or contract
with a research firm.
(c) The board or a research firm with which the board contracts
under subsection (b) may take any of the following actions to determine
a business's connections with respect to boycott, divest from, or
sanction Israel activity:
(1) Review publicly available information regarding businesses.
(2) Contact other institutional investors that invest in businesses.
(3) Contact asset managers that invest in businesses and are
contracted by a fund.
(d) Not later than the first meeting of the board after January 31,
2017, the board shall compile the names of all restricted businesses
into a restricted business list.
(e) The board shall update the restricted business list at least on an
annual basis based on evolving information from sources described in
subsections (b) and (c).

Legislative History

As added by P.L.177-2016, SEC.1.