As used in NRS 355.300 to 355.350, inclusive, unless the context otherwise requires, the words and terms defined in NRS 355.305 to 355.330, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2017, 1614)
1. “Boycott of Israel” means, except as otherwise provided in subsection 2, refusing to deal or conduct business with, abstaining from dealing or conducting business with, terminating business or business activities with or performing any other action that is intended to limit commercial relations with: (a) Israel; or (b) A person or entity doing business […]
“Company” means any domestic or foreign sole proprietorship, organization, association, corporation, partnership, joint venture, limited partnership, limited-liability partnership, limited-liability company, or other domestic or foreign entity or business association, including, without limitation, any wholly owned subsidiary, majority owned subsidiary, parent company or affiliate of such an entity or business association, that exists for the purpose […]
“Direct holdings” means all publicly traded equity securities of a company that are held directly by the public fund or in an account or fund in which the public fund owns all shares or interests. (Added to NRS by 2017, 1614)
“Indirect holdings” means all publicly traded securities of a company that are held by the State Treasurer in an account or fund which is managed by one or more persons who are not employed by the State Treasurer and in which the public fund owns shares or interests, together with other investors who are not […]
“Public fund” means a trust fund administered by the State Treasurer. (Added to NRS by 2017, 1614)
“Scrutinized company” means any company that engages in a boycott of Israel. (Added to NRS by 2017, 1615)
1. The State Treasurer shall identify each scrutinized company in which a public fund has either direct holdings or indirect holdings. In making the identification, the State Treasurer shall review and rely on publicly available information regarding companies which are engaging in a boycott of Israel, including, without limitation, information provided by nonprofit organizations, research […]
1. The State Treasurer shall prepare an annual report of investments of money from a public fund in scrutinized companies as identified pursuant to NRS 355.335. The report must include the amount of money allocated in such investments and other data and statistics designed to explain the past and current extent to which public funds […]
1. Except as otherwise provided in subsection 2, the State Treasurer: (a) Shall sell, redeem, divest or withdraw all direct holdings of a scrutinized company from the assets under his or her management within 3 months after preparing a list of scrutinized companies pursuant to NRS 355.335 which includes that scrutinized company. (b) Shall, on […]
The State Treasurer shall adopt regulations: 1. Establishing a process for giving notice to a company of the inclusion of that company on the list of scrutinized companies created pursuant to NRS 355.335; 2. Establishing the process for the removal of a company from the list of scrutinized companies created pursuant to NRS 355.335; and […]
