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AR HB1328

Bill

Official Source

Status

Passed

3/30/2017

Primary Sponsor

Douglas House

Click for details

Origin

House of Representatives

91st General Assembly (2017 Regular)

AI Summary

  • Adds Arkansas Code 24-7-104 establishing socially responsible investment guidelines for the Arkansas Teacher Retirement System and its alternate retirement plans.

  • Prohibits investment decisions from being based on whether an investment, fund, company, or other investment vehicle is located in the State of Israel.

  • Applies to decisions regarding whether to invest, not invest, or withdraw funds from the retirement system.

  • Approved on March 30, 2017 during the 2017 Regular Session of the 91st General Assembly.

Legislative Description

To Amend The Law Concerning The Investment Practices Of The Arkansas Teacher Retirement System And Its Alternate Retirement Plans.

Last Action

Notification that HB1328 is now Act 767

3/30/2017

Committee Referrals

Public Retirement & Social Security Programs1/25/2017

Full Bill Text

No bill text available