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AR HB1275
Bill
Status
4/3/2017
Primary Sponsor
Douglas House
Click for details
AI Summary
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Amends Arkansas Code § 24-11-410 to prohibit investment decisions for local policemen's pension and relief funds from being based on whether the investment location is in the State of Israel.
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Amends Arkansas Code § 24-11-805 to prohibit investment decisions for local firemen's relief and pension funds from being based on whether the investment location is in the State of Israel.
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Applies the restrictions to decisions whether to invest, not invest, or withdraw from investment moneys in both pension funds.
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Bill was approved on April 1, 2017 during the 91st General Assembly Regular Session.
Legislative Description
To Amend The Law Concerning The Investment Practices Of The Local Policemen's Pension And Relief Funds And Local Firemen's Relief And Pension Funds.
Last Action
Notification that HB1275 is now Act 794
4/3/2017