MS SB2807

Prohibits state agencies and political subdivisions from contracting with persons engaged in investment activities valued at $20 million or more in Iran's energy sector, including oil, natural gas, and nuclear power development.

Requires the Executive Director of the Department of Finance and Administration to develop and maintain a list of persons engaged in Iran investment activities within 120 days of enactment, updated every 180 days, with 90-day notice and opportunity for affected persons to respond before inclusion.

Exempts contracts valued at $1,000 or less and allows case-by-case exceptions when investment activities predate the act and the person has a formal plan to cease operations, or when the state agency determines goods or services are necessary and unavailable elsewhere.

Prohibits the Public Employees' Retirement System of Mississippi and the State Treasurer from investing state funds with listed persons, requiring divestment of existing investments within 120 days of the list posting.

Provides indemnification from the General Fund for state board members, officers, and employees making divestment decisions, and terminates all restrictions if the President, Congress, or Attorney General declares the divestment interferes with U.S. foreign policy or the United States revokes sanctions against Iran.