§ 27-117-1. Short title
This chapter shall be known and may be cited as the “Israel Support Act of 2019.”
§ 27-117-11. Limitation of chapter due to fiduciary obligations
Nothing in this chapter shall be construed to require the Public Employees’ Retirement System of Mississippi or the State Treasurer or their agents to take any action as described in this chapter unless it is determined, in good faith, that: the action described in this chapter is consistent with the fiduciary responsibilities of the Public […]
§ 27-117-13. Indemnification of employees and officials for compliance with this chapter
Present, future and former board members, officers, employees and agents of the Public Employees’ Retirement System and the Department of Finance and Administration, as well as present, future and former State Treasurers, officers and employees of the State Treasurer and agents retained by the State Treasurer, must be indemnified from the State General Fund and […]
§ 27-117-15. Repeal of this chapter
This chapter shall stand repealed from and after July 1, 2024.
§ 27-117-3. Definitions
As used in this chapter, the following words and phrases shall have the meanings ascribed in this section unless the context clearly indicates otherwise: “Boycott Israel” or “boycott of Israel” means refusing to deal, terminating business activities, or taking other actions to limit commercial relations with Israel, or persons or entities doing business in Israel […]
§ 27-117-5. Duties of the Executive Director of the Department of Finance and Administration
Before December 31, 2019, the Executive Director of the Department of Finance and Administration shall develop or contract to develop, using credible information available to the public, a list of companies determined to engage in a boycott of Israel, as described in this section. When completed, the list must be posted on the website of […]
§ 27-117-7. Limitation on the Public Employees’ Retirement System and State Treasury Investments
The Public Employees’ Retirement System and the State Treasurer may not invest funds with a company that is identified on a list created pursuant to Section 27-117-5 as a company engaging in a boycott of Israel. Any existing investments in violation of this chapter as of July 1, 2020, must be divested when prudent to […]
§ 27-117-9. Exception to investment prohibition
Notwithstanding the provisions of Section 27-117-7, an investment may be made in a company engaged in a boycott of Israel, on a case by case basis, if: The investment was made before December 31, 2019, and the company has adopted, publicized and is implementing a formal plan to cease the boycott of Israel and to […]