|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 40
|
|
2007 Laws of Maryland
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(5) "doing business in Sudan" means maintaining
equipment, facilities, personnel, or other apparatus of business or
commerce in Sudan, including ownership of real or personal
property in Sudan, or engaging in any business activity with the
Government of Sudan.
(6) "Eligible accounts" means actively managed
separate accounts containing funds of the several systems.
(7) "Investment" means the commitment of funds or
other assets to a company, including:
(i) the ownership or control of a share or
interest in the company; or
(ii) the ownership or control of a bond or other
debt instrument by a company.
(8) (i) "Sudan" means the government in Khartoum,
Sudan, that is led by the National Congress Party (formerly known
as the National Islamic Front) or any successor government formed
on or after October 13, 2006, including the coalition National Unity
government agreed on in the comprehensive peace agreement for
Sudan.
(ii) "Sudan" does not mean the regional
government of southern Sudan.
(b) The Board of Trustees shall review the investment
holdings in eligible accounts for the purpose of determining the
extent to which funds in eligible accounts are invested in companies
doing business in Sudan.
(c) Consistent with the fiduciary duties of the Board of
Trustees under Subtitle 2 of this title, and the provisions of
subsection (d) of this section, the Board of Trustees-.
(1) shall encourage companies in which eligible
accounts are invested and that are doing business in Sudan to act
responsibly and avoid actions that promote or otherwise enable
human rights violations in Sudan;
|
|
|
|
|
|
|
|
|
|
- 844 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
