Today's Law As Amended


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SB-457 Public employee retirement systems: investment portfolios: divestment from Turkey.(2021-2022)



As Amends the Law Today


SECTION 1.

 Section 22338 is added to the Education Code, to read:

22338.
 The board shall provide an employer that is a school district an option to elect an investment portfolio that does not contain investment vehicles that are issued or owned by the government of the Republic of Turkey.

SEC. 2.

 Section 20140 is added to the Government Code, to read:

20140.
 The board shall provide a school employer that is a school district or a city participating the system by contract an option to elect an investment portfolio that does not contain investment vehicles that are issued or owned by the government of the Republic of Turkey.