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NV SB228

NV SB228
Revises provisions relating to governmental financial administration. (BDR 23-945)

summary

Introduced
03/08/2023
In Committee
03/08/2023
Crossed Over
Passed
Dead
04/15/2023

Introduced Session

82nd Legislature (2023)

Bill Summary

AN ACT relating to governmental financial administration; prohibiting the Public Employees' Retirement Board from investing, providing investment advice or engaging in shareholder proxy voting for any purpose other than the financial interest of the Public Employees' Retirement System; prohibiting, under certain circumstances, certain governmental entities from contracting with companies that engage in economic boycotts; and providing other matters properly relating thereto.

AI Summary

This bill prohibits the Public Employees' Retirement Board from investing, providing investment advice, or engaging in shareholder proxy voting for any purpose other than the financial interest of the Public Employees' Retirement System. It also prohibits, under certain circumstances, certain governmental entities from contracting with companies that engage in economic boycotts, which are defined as actions taken without an ordinary business purpose to limit commercial relations with companies involved in certain activities related to fossil fuels, firearms, environmental standards, employment criteria, or access to abortions or gender-related surgeries. The bill authorizes the Attorney General or district attorneys to bring civil actions against persons or companies that violate these provisions to recover civil penalties.

Committee Categories

Government Affairs

Sponsors (4)

Last Action

(Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.) (on 04/15/2023)

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