Ch. 745

LAWS OF MARYLAND

proportion that the receipts of the respective functions bear to
the total receipts of the WSSC.

11-113.1.

(A)  IN THIS SECTION, "DEADLINE FOR COMPLETE DIVESTITURE"
MEANS THE DATE BY WHICH THE DIVESTITURE REQUIRED UNDER SUBSECTION
(C) OF THIS SECTION MUST BE COMPLETED.

(B)  (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS
SUBSECTION AND SUBSECTION (C)(8) OF THIS SECTION, THE WSSC MAY
NOT, ON OR AFTER JULY 1, 1989, DEPOSIT ANY ASSETS OF THE FUNDS IN
ITS PENSION OR RETIREMENT PLAN WITH, OR INVEST ANY ASSETS OF THE
FUNDS IN THE STOCKS, SECURITIES, OR OTHER OBLIGATIONS OF, ANY OF
THE FOLLOWING:

(I)  A BANK OR FINANCIAL INSTITUTION THAT:

1.   IS NOT IN COMPLIANCE WITH THE FEDERAL
COMPREHENSIVE ANTI-APARTHEID ACT OF 1986; AND

2.  MAKES LOANS TO THE REPUBLIC OF SOUTH
AFRICA, OR TO A NATIONAL CORPORATION OF THE REPUBLIC OF SOUTH
AFRICA, OR ANY OTHER CORPORATION ORGANIZED UNDER THE LAWS OF THE
REPUBLIC OF SOUTH AFRICA; AND

(II)  A COMPANY DOING BUSINESS IN OR WITH THE
REPUBLIC OF SOUTH AFRICA, OR WHOSE SUBSIDIARY OR AFFILIATE DOES
BUSINESS IN OR WITH THE REPUBLIC OF SOUTH AFRICA.

(2) THIS SUBSECTION DOES NOT APPLY TO:

(I)  INVESTMENTS MADE BY THE COMMISSION IN
COMMINGLED FUNDS, INCLUDING MONEY MARKET FUNDS, MUTUAL FUNDS,
REAL ESTATE FUNDS, OR VENTURE CAPITAL FUNDS; OR

(II)  A BANK, FINANCIAL INSTITUTION, OR COMPANY
THAT IN THE CONDUCT OF ITS BUSINESS IN OR WITH THE REPUBLIC OF
SOUTH AFRICA:

1. HAS AGREED TO ABIDE BY THE FOLLOWING
PRINCIPLES:

A.  NONSEGREGATION OF THE RACES IN ALL
EATING, COMFORT, AND WORK FACILITIES;

B.  EQUAL AND FAIR EMPLOYMENT PRACTICES
FOR ALL EMPLOYEES;

C.  EQUAL PAY FOR ALL EMPLOYEES DOING
EQUAL OR COMPARABLE WORK FOR THE SAME PERIOD OF TIME;

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