S 3467
Prohibits investment of pension and annuity funds by State in entities that avoid Superfund obligations to State.
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Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill prohibits New Jersey’s pension and annuity funds from investing in entities that avoid their Superfund obligations to the state. It specifically targets businesses or countries that have been identified as responsible parties for Superfund sites and have filed for bankruptcy to avoid cleanup costs. The bill requires the state to divest from these investments within three years and mandates reporting to the legislature on the divestment process. It also provides legal protections for state officials involved in implementing the law.
Sponsors
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Primary sponsor
James Beach
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