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1997 SESSION

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SB 762 Investments for public funds.

Introduced by: Joseph V. Gartlan, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Investments for public funds. Prohibits investment of state funds or funds administered by a state officer in any institution doing business in Northern Ireland if the institution has not implemented a plan, known as the MacBride principles, to eliminate ethnic or religious discrimination. Public funds may be invested in companies that have not implemented the MacBride principles if equally attractive alternative investments are not available. The restriction applies only to investments made after July 1, 1997.


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