1.1 	A bill for an act
1.2 	relating to state government; requiring the State Board of Investment to monitor 
1.3 	state investments in companies doing business with Sudan;proposing coding for 
1.4 	new law in Minnesota Statutes, chapter 11A.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. [11A.243] INVESTMENT IN SUDAN.
1.7 		Subdivision 1. (a) For the purposes of this section, the following item shall have 
1.8 	the meaning given to it in this subdivision.
1.9 	(b) "Equity tie" means:
1.10 	(1) ownership of equipment, facilities, or property; or
1.11 	(2) maintenance of employees or any other apparatus of business or commerce.
1.12 		Subd. 2.List of investments. By January 15 of each year, the state board shall:
1.13 	(1) compile a list of corporations with an equity tie to Sudan and in whose stocks or 
1.14 	obligations the board has invested under section 11A.24, subdivision 3 or 5; and
1.15 	(2) determine in writing whether each corporation on the list has, during the 
1.16 	preceding 12 months, taken steps to divest equity ties to Sudan.
1.17 		Subd. 3.Shareholder policy. The board shall:
1.18 	(1) whenever feasible, sponsor, cosponsor, or support shareholder resolutions 
1.19 	designed to encourage corporations listed under subdivision 2 to divest equity ties to 
1.20 	Sudan; and 
1.21 	(2) develop and implement a strategy to urge corporations listed under subdivision 
1.22 	2 to divest equity ties to Sudan.
2.1 		Subd. 4.Divestment not required. Nothing in this section may be construed to 
2.2 	require the state board to dispose of existing investments or to make future investments 
2.3 	that violate sound investment policy for public pensions.
2.4 		Subd. 5.Report. By January 15 of each year, the board shall provide a report 
2.5 	to the legislature, as provided in section 3.195, listing any determinations made under 
2.6 	subdivision 2 and any actions taken under subdivision 3. The board shall also post a copy 
2.7 	of the report on its Web site and provide a copy of the report to each member of the 
2.8 	Legislative Commission on Pensions and Retirement.
2.9 		Subd. 6.Sunset. This section expires on January 15, 2011.