2013 Regular Session SB 17 A

• At the request of: (at the request of State Treasurer Ted Wheeler)
• Regular Sponsors: Printed pursuant to Senate Interim Rule 213.28 by order of the President of the Senate in conformance with presession filing rules, indicating neither advocacy nor opposition on the part of the President.
• Bill Title: Relating to state finance; declaring an emergency.

Catchline/Summary

Directs Oregon Investment Council and State Treasurer to try to ensure that moneys in Public Employees Retirement Fund are not invested in companies with interest in Sudan. Applies to investments for which federal law allows divestment by public pension plans.

Directs State Treasurer to adopt engagement policy with private investment fund managers and to encourage managers to end investments with companies with interest in Sudan. Requires notices to fund managers, companies and Oregon Investment Council about Sudan investment limitations. Specifies contents of notices.

Applies subject to specified fiduciary standards.]

Applies subject to appropriate funding.]

Allows extension to Article XI-Q bonds.

Eliminates requirement that Oregon Investment Council approve Deferred Compensation Fund investments in mutual funds.

Modifies State Treasurer authority concerning security pledges for school district bonds.

Declares emergency, effective on passage.

• Fiscal Impact: Fiscal Impact Issued
• Revenue Impact: No Revenue Impact
• Current Location: In Senate Committee
• Current Committee: Joint Committee On Ways and Means
• Current Subcommittee: Joint Committee On Ways and Means Subcommittee On Capital Construction