§ 35-10.3-1. Legislative findings. [Expires July 1, 2018.] It is hereby found by the general assembly as follows: (1) The United States Department of State has determined that Iran supports acts of international terrorism; and (2) A resolution of the United Nations Security Council imposes sanctions on Iran for its failure to suspend its uranium-enrichment […]
§ 35-10.3-10. Severability. [Expires July 1, 2018.] If any one or more provision, section, subsection, sentence, clause, phrase, or word of this chapter or the application thereof to any person or circumstance is found to be invalid, illegal, unenforceable or unconstitutional, the same is hereby declared to be severable and the balance of this chapter […]
§ 35-10.3-2. Definitions. [Expires July 1, 2018.] As used in this chapter, the following definitions shall apply: (1) “Active business operations” means all business operations that are not inactive business operations. (2) “Business operations” means engaging in commerce in any form in Iran, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, […]
§ 35-10.3-3. Identification of companies. [Expires July 1, 2018.] (a) Within ninety (90) days following the effective date of this chapter, the public fund shall make its best efforts to identify all scrutinized companies in which the public fund has direct or indirect holdings or could possibly have such holdings in the future. Such efforts […]
§ 35-10.3-4. Required actions. [Expires July 1, 2018.] The public fund shall adhere to the following procedures for companies on the scrutinized companies list: (1) Engagement: (i) The public fund shall immediately determine the companies on the scrutinized companies list in which the public fund owns direct or indirect holdings. (ii) For each company identified […]
§ 35-10.3-5. Required actions — Reporting. [Expires July 1, 2018.] (a) The public fund shall file a publicly available report to the Rhode Island general assembly and office of the attorney general that includes the scrutinized companies list within thirty (30) days after the list is created. (b) Annually thereafter, the public fund shall file […]
§ 35-10.3-6. Provisions for repeal of chapter. [Expires July 1, 2018.] This chapter shall be repealed upon affirmative action of the general assembly. Provided, that in determining whether to repeal this chapter, by way of suggestion and guidance only and without binding or in any way inhibiting the discretion of future sessions of the general […]
§ 35-10.3-7. Other legal obligations. [Expires July 1, 2018.] With respect to actions taken in compliance with this chapter, including all good faith determinations regarding companies as required by this chapter, the public fund shall be exempt from any conflicting statutory or common law obligations, including any such obligations with respect to choice of asset […]
§ 35-10.3-8. Reinvestment in certain companies with scrutinized active business operations. [Expires July 1, 2018.] (a) Notwithstanding anything herein to the contrary, the public fund shall be permitted to cease divesting from certain scrutinized companies pursuant to § 35-10.3-4 and/or reinvest in certain scrutinized companies from which it divested pursuant to § 35-10.3-4 if clear […]
§ 35-10.3-9. Enforcement. [Expires July 1, 2018.] The attorney general is charged with enforcing the provisions of this chapter and, through any lawful designee, may bring such actions in court as are necessary to do so. History of Section.P.L. 2013, ch. 173, § 1; P.L. 2013, ch. 225, § 1.
