FL S0110

Prohibits the State Board of Administration from paying Florida Retirement System investment plan benefits to members convicted of specified felonies (sex offenses against minors) committed through their public office, while requiring return of the member's accumulated contributions as of the conviction date

Authorizes the State Board of Administration to develop investment products for the FRS investment plan and revises the spousal beneficiary acknowledgment process, allowing members to request a waiver via affidavit if the spouse cannot be located or fails to respond

Expands the Board's real property investment authority to include ownership through affiliated limited liability entities or joint ventures, and authorizes these entities to issue securities and borrow money through loans, bonds, or other financial obligations secured by real property investments

Increases the cap on alternative investments from 20 percent to 30 percent of any fund, raises the equity investment limit to 80 percent, and streamlines the Investment Advisory Council review process by removing the requirement for detailed descriptions of issuer information and eliminating the Council's authority to obtain independent investment counsel at Board expense

Broadens the definition of "boycott Israel" to include adverse actions such as changes to commercial financial ratings based on nonpecuniary factors, adds mandatory divestment procedures requiring sale of scrutinized companies' publicly traded securities within 12 months, and establishes reinvestment authority if portfolio value drops below 99.50 percent of its hypothetical unprohibited value