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NJ S260
Bill
Status
1/13/2026
Primary Sponsor
Shirley Turner
Click for details
AI Summary
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Prohibits New Jersey pension and annuity funds under the Division of Investment from investing in stocks, securities, or other obligations of companies that manufacture or wholesale distribute tobacco products.
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Requires the State Investment Council and Director of the Division of Investment to divest all existing tobacco-related investments within 36 months of the act's effective date.
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Mandates the Director file an initial report with the Legislature within 120 days identifying all tobacco investments held at the time of enactment, with follow-up reports every 12 months until divestment is complete.
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Reports must include progress updates on divestment and analysis of the fiscal impact on affected pension and annuity funds.
Legislative Description
Prohibits State from investing pension and annuity funds in manufacturers or wholesale distributors of tobacco products.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
1/13/2026