Sec. 17. (a) Not later than March 30, 2010, the board shall make a good faith effort to identify all scrutinized companies in which a fund has direct or indirect holdings.
(b) In carrying out its responsibilities under subsection (a), the board may use existing research or contract with a research firm.
(c) A board or a research firm with which the board contracts under subsection (b) may take any of the following actions:
(1) Review publicly available information regarding companies with business operations in states that sponsor terror.
(2) Contact other institutional investors that have divested from or invest in companies with business operations in states that sponsor terror.
(3) Contact asset managers that are contracted by the fund and that invest in companies with business operations in states that sponsor terror.
(d) Not later than the first meeting of the board after March 30, 2010, the board shall compile the names of all scrutinized companies into a scrutinized company list and indicate whether each scrutinized company has active or inactive business operations in a state sponsor of terror.
(e) The board shall update its scrutinized company list at least on an annual basis based on evolving information from sources described in subsections (b) and (c).
(f) If the Secretary of State of the United States determines that a country is a state sponsor of terror after June 30, 2009, the board shall add any additional scrutinized company resulting from the Secretary of State's determination when the board updates its scrutinized company list under subsection (e).
As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.70.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.2. Public Retirement and Disability Benefits
Chapter 10. Divestment From States That Sponsor Terror
5-10.2-10-0.3. General Assembly Findings
5-10.2-10-1. Requirements for Mandatory Divestment
5-10.2-10-2. "Active Business Operations"
5-10.2-10-4. "Business Operations"
5-10.2-10-6. "Cost of Divestment"
5-10.2-10-7. "Direct Holdings"
5-10.2-10-9. "Inactive Business Operations"
5-10.2-10-10. "Indirect Holdings"
5-10.2-10-10.2. "Military Equipment"
5-10.2-10-10.4. "Mineral Extraction Activities"
5-10.2-10-10.6. "Oil Related Activities"
5-10.2-10-10.8. "Power Production Activities"
5-10.2-10-11. "Private Market Fund"
5-10.2-10-12. "Scrutinized Business Operations"
5-10.2-10-13. "Scrutinized Company"
5-10.2-10-14. "Social Development Company"
5-10.2-10-15. "State Sponsor of Terror"
5-10.2-10-16. "Substantial Action"
5-10.2-10-17. Identification of Scrutinized Companies
5-10.2-10-18. Identification of Holdings
5-10.2-10-19. Notice to Scrutinized Company With Inactive Business Operations
5-10.2-10-20. Notice to Scrutinized Company With Active Business Operations
5-10.2-10-21. Compliance by a Scrutinized Company
5-10.2-10-22. Divestment; Exemption for Certain Commingled Funds
5-10.2-10-23. Acquisition of Securities Containing Scrutinized Companies
5-10.2-10-24. Scrutinized Company Excluded From Federal Sanctions
5-10.2-10-25. Exclusion of Indirect Holdings in a Private Market Fund
5-10.2-10-25.5. Exclusion of Indirect Holdings in Actively Managed Investment Funds
5-10.2-10-26. Report to Legislative Council
5-10.2-10-27. Expiration of Chapter
5-10.2-10-28. Exemption From Conflicting Statutory or Common Law Obligations
5-10.2-10-29. Immunity; Liability of the Fund and Its Agents