A 3915
Prohibits State from investing pension and annuity funds in manufacturers or wholesale distributors of tobacco products.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill prohibits New Jersey’s state pension and annuity funds from investing in companies that manufacture or distribute tobacco products. It aims to prevent public funds from financially supporting the tobacco industry, given the known health risks associated with tobacco use. The bill requires the state to divest existing investments in tobacco companies within three years and provides for ongoing reporting to the legislature on the divestment process and its financial impact.
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