Indiana § 5-10.2-11-24 Cessation of divestment and reinvestment in restricted businesses;
report to general assembly

Indiana Statutes

§ 5-10.2-11-24 — Cessation of divestment and reinvestment in restricted businesses; report to general assembly

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

(a)Notwithstanding any provision to the contrary, the system is permitted to cease divesting and to reinvest in certain restricted businesses on the restricted business list if evidence shows that the value for all assets under management by the system on a fund's behalf becomes equal to or less than ninety-nine and five-tenths percent (99.5%) of the value of all assets under management by the system on a fund's behalf, including the businesses divested under section 16 of this chapter.

(b)As provided by this section, any cessation of divestment or reinvestment shall be strictly limited to the minimum steps necessary to avoid the contingency set forth in subsection (a).

(c)For any cessation of divestment, reinvestment, and subsequent ongoing investment authorized by this section, the bo

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(a) Notwithstanding any provision to the
contrary, the system is permitted to cease divesting and to reinvest in
certain restricted businesses on the restricted business list if evidence
shows that the value for all assets under management by the system on
a fund's behalf becomes equal to or less than ninety-nine and
five-tenths percent (99.5%) of the value of all assets under
management by the system on a fund's behalf, including the businesses
divested under section 16 of this chapter.
(b) As provided by this section, any cessation of divestment or
reinvestment shall be strictly limited to the minimum steps necessary
to avoid the contingency set forth in subsection (a).
(c) For any cessation of divestment, reinvestment, and subsequent
ongoing investment authorized by this section, the board shall submit
a report in an electronic format under IC 5-14-6 to the executive
director of the legislative services agency for distribution to the
members of the general assembly before any initial reinvestment. The
report shall be updated annually thereafter as applicable, setting forth
the reasons and justifications for the decision to cease divestment,
reinvest, or remain invested with businesses engaged in boycott, divest
from, or sanction Israel activity. This section does not apply to
businesses that have ceased to engage in boycott, divest from, or
sanction Israel activity.

Indiana § 5-10.2-11-24 (Cessation of divestment and reinvestment in restricted businesses; report to general assembly) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.