Home/South Carolina/Statutes/Title 9: RETIREMENT SYSTEMS/Ch. 16: RETIREMENT SYSTEM FUNDS/§ 9-16-345
South Carolina Statutes

§ 9-16-345 — Minority and minority-owned business representation.

South Carolina·Title 9 RETIREMENT SYSTEMS·Ch. 16 RETIREMENT SYSTEM FUNDS
In hiring and procurement in the implementation and administration of this chapter, and consistent with its duties as fiduciary under this title, the commission shall strive to assure that minorities and minority-owned businesses are represented.

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South Carolina § 9-16-345 (Minority and minority-owned business representation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 2005 Act No. 153, Pt IV, SECTION 3, eff July 1, 2005.

Nearby Sections

15
§ 9-16-10
Definitions.
§ 9-16-100
Restrictions on lobbyists.
§ 9-16-110
Enforcement.
§ 9-16-20
Investment and management authority of commission; holding assets in group trust under Section 401(a)(24) of the Internal Revenue Code.
§ 9-16-30
Delegation of functions by commission; standard of care; agent's duty and submission to jurisdiction.
§ 9-16-315
Retirement System Investment Commission; membership; terms; qualifications; chief executive officer; chief investment officer and administrative staff; attorneys; costs and salary.
§ 9-16-320
Adoption of annual investment plan; quarterly review; deliberations in executive session; independent advisors.
§ 9-16-330
Statement of actuarial assumptions and investment objectives; delegation of final authority to invest; components of plan; diversification; verification of investment facts; analysis and recommendations.
§ 9-16-335
Assumed annual rate of return.
§ 9-16-340
Investment of retirement systems assets; annual investment plan; adoption and review.
§ 9-16-345
Minority and minority-owned business representation.
§ 9-16-350
Use of information for self-interest; blind trusts; violations; punishment; provisions cumulative with other laws.
§ 9-16-360
Standards of conduct for fiduciary or employee of fiduciary.
§ 9-16-370
Defense and indemnification of Retirement System Investment Commission members, officers, and management employees.
§ 9-16-380
Audit of Retirement System Investment Commission.
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