Prohibits State from investing pension and annuity funds in manufacturers or wholesale distributors of tobacco products.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
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 supporting the tobacco industry. The bill requires the state to divest any existing investments in tobacco-related companies within three years and mandates regular reporting to the legislature on the divestment process and its fiscal impact.
Bill text
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Document of record
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1 on record
Primary sponsor
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