Iran Divestment Act
Mississippi · Taxation and Finance · §§ 27-106-1 to 27-106-9 · 13 sections
Overview
The act restricts a state government's contracting and investment relationships with companies that engage in defined investment activities in Iran. It provides for an official list of such persons, makes listed persons ineligible to contract with the state and its political subdivisions, and requires those bidding on or entering into public contracts to certify that they are not listed — subject to case-by-case exceptions, carve-outs for certain procurements and contracts, and consequences for violations. It also bars public funds from investing with listed persons and requires divestment of existing holdings, while addressing the fiduciary responsibilities and indemnification of those who carry that out and providing for periodic reporting.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- Miss. Code Ann. § 27-106-1Short title
- Miss. Code Ann. § 27-106-11Annual reporting by the Executive Director of the Department of Finance and Administration
- Miss. Code Ann. § 27-106-13Limitation on the Public Employees’ Retirement System and State Treasury Investments
- Miss. Code Ann. § 27-106-15Exception to investment prohibition
- Miss. Code Ann. § 27-106-17Limitation of chapter due to fiduciary obligations
- Miss. Code Ann. § 27-106-19Indemnification of employees and officials for compliance with this chapter
- Miss. Code Ann. § 27-106-21Continued application of this chapter
- Miss. Code Ann. § 27-106-23Notice to the Attorney General of the United States
- Miss. Code Ann. § 27-106-25Severability
- Miss. Code Ann. § 27-106-3Legislative findings
- Miss. Code Ann. § 27-106-5Definitions
- Miss. Code Ann. § 27-106-7Persons engaged in investments
- Miss. Code Ann. § 27-106-9Duties of the Executive Director of the Department of Finance and Administration
Enacted in other states
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