Bill Summary for H 620 (2015-2016)

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Bill: FOSSIL FUELS PUBLIC FUNDS DIVESTMENT REPORT.

Summary date: 

Apr 9 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 620 (Public) Filed Thursday, April 9, 2015
AN ACT TO REQUIRE THE STATE TREASURER TO REPORT TO THE GENERAL ASSEMBLY PRIOR TO THE 2016 REGULAR SESSION OF THE 2015 GENERAL ASSEMBLY REGARDING DIVESTMENT OF PUBLIC FUNDS FROM COMPANIES INVOLVED IN THE EXTRACTION, PROCESSING, COMBUSTION, TRANSPORTATION, STORAGE, OR BROKERAGE OF FOSSIL FUELS.
Intro. by Harrison, Fisher, Luebke, D. Hall.

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Bill summary

Requires the State Treasurer, no later than May 1, 2016, to report to the Joint Legislative Commission on Governmental Operations on a plan for the divestment of Public Funds held by the Treasurer of all publicly traded securities held by the State Treasurer in any Public Fund of any company engaged in the extraction, processing, combustion, transportation, storage, or brokerage of fossil fuels. Requires the plan to include a list of companies to be divested from the Public Funds and a schedule for the divestment.