Bill Text: MS HB860 | 2013 | Regular Session | Introduced
Bill Title: Public funds; prohibit investment in entities having relationship with countries against which U.S. has embargo.
Sponsorship: Partisan Bill (Republican 1)
Status: (Failed) 2013-02-05 - Died In Committee [HB860 Detail]
Download: Mississippi-2013-HB860-Introduced.html
MISSISSIPPI LEGISLATURE
2013 Regular Session
To: Appropriations
By: Representative Staples
House Bill 860
AN ACT TO PROHIBIT CERTAIN PUBLIC BODIES FROM INVESTING ANY FUNDS UNDER THEIR CONTROL OR MANAGEMENT IN ENTITIES THAT HAVE DIRECT FINANCIAL RELATIONSHIPS WITH COUNTRIES AGAINST WHICH THE UNITED STATES HAS IMPOSED AN EMBARGO; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. The governing bodies of the Public Employees' Retirement System, the Highway Safety Patrol Retirement System, each municipal retirement system created under the General Municipal Employees' Retirement Law, and each disability and relief fund for firemen and policemen created under Section 21-29-101 et seq. or Section 21-29-201 et seq., and each agency and political subdivision of the state shall immediately enact or adopt all necessary provisions and take all necessary actions to ensure that not later than June 30, 2014, none of the funds under the control or management of any of those public bodies are invested in entities that have direct financial relationships with countries against which the United States has imposed an embargo, either by law or by executive action. The provisions of this section shall not apply to investments in any entity that is providing humanitarian aid for the citizens of those nations.
SECTION 2. This act shall take effect and be in force from and after July 1, 2013.
