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Ch. 39
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Martin O'Malley, Governor
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Trustees' list of scrutinized companies and the Board of Trustees
will begin divestment procedures as provided under paragraph (1)
of this subsection.
continues to have scrutinized active business operations.
(D) except as provided in subsection (e) of this section, the
Board of Trustees may not acquire securities of companies on its
list of scrutinized companies that have active business operations.
(E) a company that the federal government affirmatively
declares to be excluded from its present or any future federal
sanctions regime relating to Sudan may not be subject to
divestment or investment prohibition under subsections (c) and (d)
of this section.
(F) (1) Subsections (c) and (d) of this section do not apply to
(2) The Board of Trustees shall send letters to any
manager who is responsible for investment funds containing
or create a similar actively managed fund with indirect holdings
devoid of such companies.
(3) if the manager creates a similar fund, the board of
Trustees shall replace all applicable investments with
investments in the similar fund in an expedited time frame
(A) Within 30 days of creating a list of scrutinized companies
under § 21-1A-03 of this subtitle, the board of trustees shall
submit to the Chair of the Joint Committee on Pensions a copy of
the list of scrutinized companies.
(b) Beginning September l, 2008, and every year thereafter,
the board of trustees shall submit to the chairman of the joint
Committee and the United States Presidential Special Envoy to
Sudan a report including;
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- 835-
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