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Ch. 40
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2007 Laws of Maryland
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(8) evidence that a company has engaged the
government of Sudan to cease its abuses in darfur or other regions
in Sudan;
(9) whether a company is engaged solely in journalistic
activities; and
(10) any other factor that the board of trustees deems
prudent.
(e) if the board of trustees takes divestment action under
subsection (c) of this section, with respect to investments in a
company, the board of trustees shall provide the company with
written notice of its decision and reasons for the decision.
(f) on or before October 1 of each year, and every 3 months
thereafter, the board of trustees shall submit a report in
accordance with § 2-1246 of the state government article to the
Senate Budget and Taxation Committee, the House Appropriations
Committee, and the Joint Committee on Pensions that provides:
(1) a summary of correspondence with companies
engaged by the board of trustees under this section;
(2) all divestment actions taken by the board of
trustees in accordance with this section;
(3) A list of companies doing business in Sudan which the
board of trustees has determined to be ineligible for investments
of net new funds under subsection (c)(3) of this section; and
(4) other developments relevant to investment in
companies doing business in Sudan.
SECTION 2. AND BE IT FURTHER ENACTED, That if the President of the
United States rescinds or repeals Executive Order 13067, with no further action
required by the General Assembly, this Act shall be abrogated and of no further force
and effect. Within 5 working days of the President of the United States rescinding or
repealing Executive Order 13067, the Board of Trustees for the State Retirement and
Pension System shall notify the Department of Legislative Services in writing of the
rescission or repeal at 90 State Circle, Annapolis, Maryland 21401.
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- 846 -
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