HB2617 - Tennessee - Pensions And Retirement Benefits, Public Funds And Financing, Titles, Short

Companion Bill SB2590. Public Funds and Financing - Enacts "Terror-Free Investment Act of 2008." - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5 and Title 9, Chapter 4. Fiscal Summary for HB2617 / *SB2590Increase State Expenditures - $4,050,000 / One-Time $90,000 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: $1,350,000 / One-Time $30,000 / Annual Amortized Cost Bill Summary for HB2617 / *SB2590 This bill requires that all international equity holdings held by the Tennessee consolidated retirement system (TCRS) exclude global security risk prohibitive companies by January 1, 2009. For purposes of this bill, a "global security risk prohibitive [...]

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