Bill Summary for S 455 (2015-2016)

Summary date: 

Apr 15 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 455 (Public) Filed Wednesday, March 25, 2015
AN ACT TO ENACT THE IRAN DIVESTMENT ACT.
Intro. by Gunn.

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Bill summary

Senate committee substitute makes the following changes to the 1st edition.

Makes organizational and clarifying changes. 

Requires the State Treasurer to complete all the duties which were previously required of the Secretary of State in the previous edition. 

Requires the State Treasurer to adopt a policy, no more than 30 days after the effective date of this act, prohibiting the investment of funds with a person engaging in investment activities in Iran. Requires divestment of specified existing investments within 180 days of the adoption of the policy (was, within a 120 days of the of the effective date of the act). 

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