FL S7028

Creates section 215.4702 to encourage the State Board of Administration to identify publicly traded companies in the Florida Retirement System Trust Fund operating in Northern Ireland and promote adoption of the MacBride Principles regarding fair employment practices, religious diversity, and worker protections.

Authorizes the State Board to rely on public information from nonprofit organizations, research firms, and government entities when determining which companies operate in Northern Ireland and protects the Board from liability for actions taken under this section.

Amends section 215.473 to shift divestiture responsibilities from the "public fund" to the "State Board of Administration" and redefines "public fund" to mean only Florida Retirement System assets held by the Board as a fiduciary.

Removes a condition allowing the Board to reinvest in Iran-related scrutinized companies based on foreign policy interference claims; requires the Board to monitor Iran and Sudan-related events and report findings at quarterly trustee meetings.

Takes effect July 1, 2016.