Nothing in this article requires the Retirement System Investment Commission or its agents or contract investment managers to take action as described in this article unless it is determined, in good faith, that the action described in this article is consistent with the fiduciary responsibilities of the commission or its agents or contract investment managers as described in Chapter 16, Title 9, and there are appropriated funds of the State to absorb the expenses necessary to implement this article.
HISTORY: 2014 Act No. 267 (H.3021), Section 1, eff September 7, 2014.
Structure South Carolina Code of Laws
Chapter 57 - Iran Divestment Act
Section 11-57-10. Short title.
Section 11-57-30. Definitions.
Section 11-57-40. Chapter inapplicable to certain procurements or contracts.
Section 11-57-50. Failure to comply with chapter not grounds for protest.
Section 11-57-300. Investment activities in Iran.
Section 11-57-320. Exception to contract prohibition on case-by-case basis.
Section 11-57-500. Ineligibility to contact with political subdivisions.
Section 11-57-710. Exception to investment prohibition on case-by-case basis.
Section 11-57-720. Fiduciary responsibilities.