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AR HB1507
Bill
Status
3/6/2025
Primary Sponsor
Jack Ladyman
Click for details
AI Summary
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Amends Arkansas Code § 25-1-1007 regarding exemptions from divestment requirements related to Environmental, Social Justice, or Governance (ESG) scores
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Investments locked into a maturity date where early divestment would result in financial penalties are exempt from mandatory divestiture
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Exemption applies when early divestment would cause negative financial impact to the state or a public entity
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Clarifies that exemption exists to prevent financial harm and ensure fiduciary duties to the state or public entity are met
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Approved March 6, 2025 as Act 252 of the Regular Session
Legislative Description
To Amend The Law Concerning Environmental, Social Justice, Or Governance Scores; And To Clarify The Exemptions From Divestment For Certain Investments.
Last Action
Notification that HB1507 is now Act 252
3/6/2025