State funds-investment in Sudan.

WORKING DRAFT
2007
STATE OF
WYOMING
07LSO-0603

HOUSE BILL
NO.
HB0245

State funds-investment in
Sudan
.

Sponsored by:
Representative(s) Brechtel and Warren

A BILL

for

AN ACT relating to investment of state funds; providing that state funds shall not be invested in Sudan; providing exemptions; providing a sunset clause; and providing for an effective date.

Be It Enacted by the Legislature of the State of
Wyoming
:

Section l.
W.S. 9
‑
4
‑
711 by creating new subsections (e) through (g)

is amended to read:

9
‑
4
‑
711.

Permissible investments of state funds.

(e)

Funds of the state of
Wyoming
shall not be invested in a security of, or an entity doing business in,

Sudan
. For the purposes of this subsection:

(i)

"Entity" means as defined in paragraph (d)(ii) of this section;

(ii)

"Security" means as defined in paragraph (d)(i) of this section;

(iii)

"
Sudan
" means the
Republic
of
Sudan
, a territory under the administration or control of
Sudan
, including but not limited to, the Darfur region or an individual, company or public agency in
Khartoum
, northern
Sudan
or the Nile river valley that supports the
Republic
of
Sudan
.

(f)

Subsection (e) of this section shall not apply to any of the following:

(i)

Investments in a company that is primarily engaged in supplying goods or services intended to relieve human suffering in
Sudan
;

(ii)

Investments in a company that promotes health, education, journalistic or religious activities in
or welfare in the western, eastern or southern regions of
Sudan
;

(iii)

Investments in a
United States
company that is authorized by the federal government to have
twenty-four (
24
)
business operations in
Sudan
.

(g)

The prohibition contained in subsection (e) of this section shall remain in effect only until the governor certifies that one (1) of the following has occurred:

(i)

The government of
Sudan
halts the genocide in Darfur for twelve (12) months as determined by both the
d
epartment of
s
tate and the
c
ongress of the
United States
;

(ii)

The
United States
revokes its current sanctions against
Sudan
.

Section 2.

This act is effective July 1, 2007.

(END)

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HB0245