Mark Koran voted Yea (Passage) on this Legislation.
Title: Requires Divestment from Russia and Belarus
Signed by Governor Tim Walz
Title: Requires Divestment from Russia and Belarus
Vote to pass a bill that requires divestment from Russia and Belarus.
Requires State Board of Investment to “sell, redeem, or withdraw” direct holdings of assets such as: securities issued by companies based in Russia or Belarus, Russian or Belarusian currency (Page 2).
Establishes schedule for sale, redemption, or withdrawal of assets (Page 2).
Exempts investments in certain companies, such as those “primarily engaged in promoting health; education; or journalistic, religious or welfare activities in Russia or Belarus” (Page 3).
Requires State agencies to “promptly terminate existing contracts with Russian entities or Belarussian entities as practicable” (Page 4).
Title: Requires Divestment from Russia and Belarus
Title: Requires Divestment from Russia and Belarus