Nothing in this article requires the Retirement System Investment Commission or its agents or contract investment managers to take action as described in this article unless it is determined, in good faith, that the action described in this article is consistent with the fiduciary responsibilities of the commission or its agents or contract investment managers as described in Chapter 16, Title 9, and there are appropriated funds of the State to absorb the expenses necessary to implement this article.
S.C. Code Ann. § 11-57-720
Fiduciary responsibilities
Known as the Iran Divestment Act
The act spans §§ 11–11 (17 sections).
2014 Act No. 267 (H.3021), SECTION 1, eff September 7, 2014.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.