Oregon Statutes - Chapter 293 - Administration of Public Funds - Section 293.814 - Investment in companies doing business in Sudan; divestment and reinvestment.

(1) The Oregon Investment Council and the State Treasurer, in the State Treasurerís role as investment officer for the council, shall act reasonably and in a manner consistent with ORS 293.721 and 293.726 to try to ensure that subject investment funds are not invested in any company that the council knows is doing business in Sudan for as long as the Sudanese governmentís campaign of human rights violations, atrocities or genocide continues in Sudan.

(2) Divestment and reinvestment of subject investment funds under the provisions of this section shall be accomplished by the Oregon Investment Council and the State Treasurer without monetary loss to the funds through reasonable, prudent and productive investments in companies and institutions generating returns that are comparable to the returns generated by the companies subject to the divestment. [2005 c.774 §5]

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Last modified: August 7, 2008