PRINTER'S NO. 2879
No. 2149 Session of 2001
INTRODUCED BY HASAY, CALTAGIRONE, PERZEL, MUNDY, M. BAKER, BARD,
BELFANTI, BENNINGHOFF, CAPPELLI, CREIGHTON, CURRY, DALLY,
DeLUCA, FAIRCHILD, FICHTER, FREEMAN, GANNON, GEIST, GEORGE,
HARHAI, HENNESSEY, HERSHEY, HESS, KELLER, KENNEY, PHILLIPS,
ROBERTS, RUBLEY, SATHER, SCHRODER, SCRIMENTI, SEMMEL, SHANER,
B. SMITH, SOLOBAY, R. STEVENSON, T. STEVENSON, STURLA, SURRA,
TANGRETTI, E. Z. TAYLOR, TRICH, WATSON, WILT, G. WRIGHT AND
YOUNGBLOOD, NOVEMBER 15, 2001
REFERRED TO COMMITTEE ON COMMERCE AND ECONOMIC DEVELOPMENT,
NOVEMBER 15, 2001
AN ACT
1 Amending the act of February 17, 1906 (1st Sp.Sess., P.L.45,
2 No.11), entitled "An act to regulate the deposits of State
3 funds, to prescribe the method of selecting State
4 depositories, to limit the amount of State deposits, to
5 provide for the security of such deposits, to fix the rate of
6 interest thereon, to provide for the publication of monthly
7 statements of moneys in the general and sinking funds, to
8 declare it a misdemeanor to give or take anything of value
9 for obtaining the same, and prescribing penalties for
10 violations of this act," prohibiting investments in countries
11 identified as sponsors of terrorism.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. The act of February 17, 1906 (1st Sp.Sess.,
15 P.L.45, No.11), entitled "An act to regulate the deposits of
16 State funds, to prescribe the method of selecting State
17 depositories, to limit the amount of State deposits, to provide
18 for the security of such deposits, to fix the rate of interest
19 thereon, to provide for the publication of monthly statements of
1 moneys in the general and sinking funds, to declare it a
2 misdemeanor to give or take anything of value for obtaining the
3 same, and prescribing penalties for violations of this act," is
4 amended by adding a section to read:
5 Section 3.2. No funds shall be invested under this act in
6 any stock or obligation of any corporation doing business,
7 either by itself or through any subsidiary or affiliate, in any
8 country identified by the United States Department of State as a
9 sponsor of foreign terrorist organizations.
10 Section 2. This act shall take effect immediately.
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