AK SB37

Prohibits the Alaska Permanent Fund, state retirement systems, Supplemental Annuity Plan, and deferred compensation program from investing in publicly traded securities of companies conducting business operations in Sudan.

Requires divestment within 90 days of a company being placed on a list created and maintained by the Commissioner of Revenue of companies with business operations in Sudan.

Defines "business operations" as power production, mineral extraction, oil-related activities, or military equipment production, with exemptions for operations under contract with southern Sudan's regional government, licensed by federal authorities, or providing humanitarian/health/education services.

Grants immunity from liability and indemnification to state officials, fiduciaries, investment managers, and board members acting in good faith to comply with the divestment requirements.

Repeals the act if the President of the United States certifies Sudan has honored commitments on humanitarian access and refugee return, or if Congress declares the divestment interferes with U.S. foreign policy.