NC S329

Requires the State Treasurer to adopt a policy within 30 days after October 1, 2017, prohibiting the North Carolina Retirement Systems and Department of State Treasurer from directly investing in companies engaged in boycotts of Israel.

Directs the State Treasurer to develop and publicly maintain a list of restricted companies boycotting Israel within 120 days, using state lists, federal guidance, nonprofit research, and public information, with companies given 90 days' notice and opportunity to respond before inclusion.

Mandates divestment of all direct holdings in restricted companies within 90 days of listing, while permitting indirect holdings and allowing written requests to investment fund managers to consider removing restricted company investments.

Prohibits restricted companies from contracting with the State or its political subdivisions, with contracts entered into with restricted companies declared void ab initio, though existing contracts as of October 1, 2017, may expire according to their terms.

Exempts the State Treasurer and North Carolina Retirement Systems from conflicting statutory or common law obligations, including fiduciary duties, in carrying out these divestment and contracting restrictions.