SB3463 - Tennessee: Pensions And Retirement Benefits, Public Funds And Financing, Titles, Short

Companion Bill HB2427. Public Funds and Financing - Enacts "Sudanese Divestment 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 SB3463 / *HB2427Increase State Expenditures - Up to $1,050,000 / One-Time $104,300 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: Up to $350,000 / One-Time $34,700 / Annual Amortized Cost Bill Summary for SB3463 / *HB2427 This bill requires TCRS to divest investments made in companies that are actively engaged in commerce in Sudan, and to which at least one of the following conditions applies: (1) More than 10 percent of the company's revenues or assets linked to [...]

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