reglab/housing_qa huggingface dataset:
IN Code § 5-10.2-9-22 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-22. Identification of Holdings

Sec. 22. After the board creates or updates the scrutinized company list under section 21 of this chapter, the board shall immediately identify the companies on the scrutinized company list in which a fund has direct or indirect holdings.As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.55.
IN Code § 5-10.2-9-23 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-23. Notice to Scrutinized Company With Inactive Business Operations

Sec. 23. (a) Each fund (before July 1, 2011) or the board shall send to each scrutinized company:(1) that is identified under section 22 of this chapter as one in which a fund has direct or indirect holdings; and(2) that has only inactive business operations;a written notice concerning the contents of this chapter and a statement encouraging the company to continue to refrain from initiating active business operations in Sudan until the company is able to avoid scrutinized business operations altogether.(b) The fund (before July 1, 2011) or board shall continue to correspond on a semiannual basis with scrutinized companies in which a fund has direct or indirect holdings and that have only inactive business operations.As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.56.
IN Code § 5-10.2-9-24 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-24. Notice to Scrutinized Company With Active Business Operations

Sec. 24. (a) Each fund (before July 1, 2011) or the board shall send to each scrutinized company:(1) that is identified under section 22 of this chapter as one in which a fund has direct or indirect holdings; and(2) that has active business operations;a written notice concerning the contents of this chapter and a statement indicating that a fund's holdings in the company may become subject to divestment by the fund (before July 1, 2011) or system.(b) A notice sent under this section shall:(1) offer the company the opportunity to clarify the company's Sudan related activities; and(2) encourage the company, within ninety (90) days after the date of the written notice, to either:(A) cease its scrutinized business operations; or(B) convert the company's operations to inactive business operations in order to avoid divestment by the fund (before July 1, 2011) or system of a fund's holdings in the company.As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.57.
IN Code § 5-10.2-9-25 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-25. Compliance by a Scrutinized Company

Sec. 25. (a) If, within ninety (90) days after a fund's (before July 1, 2011) or the system's first engagement with a company under section 24 of this chapter, the company ceases scrutinized business operations, the company shall be removed from a fund's scrutinized company list and the provisions of sections 26, 27, 28, and 29 of this chapter shall cease to apply to the company unless the company resumes scrutinized business operations.(b) If, within ninety (90) days after a fund (before July 1, 2011) or the system first engages with a company under section 24 of this chapter, the company converts its scrutinized active business operations to inactive business operations, the company shall be subject to the provisions of section 23 of this chapter.As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.58.
IN Code § 5-10.2-9-26 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-26. Divestment; Exemption for Certain Commingled Funds

Sec. 26. (a) Except as provided in sections 28 and 29 of this chapter, if, after ninety (90) days after a fund's (before July 1, 2011) or the system's first engagement with a company under section 24 of this chapter, the company continues to have scrutinized active business operations, the fund (before July 1, 2011) or system shall sell, redeem, divest, or withdraw all publicly traded securities of the company that are held by a fund, as follows:(1) At least fifty percent (50%) of such assets shall be removed from a fund's assets under management within nine (9) months after the company's appearance on the scrutinized company list.(2) One hundred percent (100%) of such assets shall be removed from a fund's assets under management within fifteen (15) months after the company's appearance on the scrutinized company list.(b) If a company that ceased scrutinized active business operations following engagement under section 24 of this chapter resumes scrutinized active business operations, and only while the company continues to have active business operations, the company shall immediately be placed back on the scrutinized company list. If a fund has holdings in the company, the fund (before July 1, 2011) or the system shall sell, redeem, divest, or withdraw all publicly traded securities of the company as provided in subsection (a) based on the date the company is placed back on the scrutinized company list. The fund (before July 1, 2011) or the system shall send a written notice to the company indicating that the company was placed back on the scrutinized company list and is subject to divestment.(c) The board is not required to divest a fund's holdings in a passively managed commingled fund that includes a scrutinized company with active business operations in Sudan if the estimated cost of divestment of the commingled fund is greater than ten percent (10%) of the total value of the scrutinized companies with active business operations held in the commingled fund. The board shall include any commingled fund that includes a scrutinized company that is exempted from divestment under this subsection in the board's report submitted to the legislative council under section 31 of this chapter.As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.59.
IN Code § 5-10.2-9-27 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-27. Acquisition of Securities Containing Scrutinized Companies

Sec. 27. Except as provided in sections 28 and 29 of this chapter, a fund (before July 1, 2011) or the system shall not acquire for a fund securities of companies on the scrutinized company list that have active business operations.As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.60.
IN Code § 5-10.2-9-28 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-28. Scrutinized Company Excluded From Federal Sanctions

Sec. 28. If the government of the United States affirmatively declares any company on the scrutinized company list with active business operations in Sudan to be excluded from any federal sanctions relating to Sudan, the company is not subject to divestment or investment prohibition under this chapter.As added by P.L.149-2007, SEC.3.
IN Code § 5-10.2-9-29 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-29. Exclusion of Indirect Holdings in Actively Managed Investment Funds

Sec. 29. Notwithstanding any provision to the contrary, sections 26 and 27 of this chapter do not apply to indirect holdings in actively managed investment funds. However, if a fund has indirect holdings in actively managed investment funds containing the securities of scrutinized companies with active business operations, the fund (before July 1, 2011) or board shall submit letters to the managers of the investment funds requesting that the managers remove the scrutinized companies with active business operations from the fund or create a similar actively managed fund with indirect holdings without scrutinized companies with active business operations. If the manager creates a similar fund, the fund (before July 1, 2011) or board shall replace all applicable investments with investments in the similar fund in a period consistent with prudent investing standards.As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.61.
IN Code § 5-10.2-9-30 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-30. Exclusion of Private Equity Funds

Sec. 30. This chapter does not apply to private equity funds.As added by P.L.149-2007, SEC.3.
IN Code § 5-10.2-9-31 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-31. Report to Legislative Council

Sec. 31. (a) On or before November 1, 2007, and thereafter as directed by the legislative council, the board shall submit a report in an electronic format under IC 5-14-6 to the legislative council for distribution to the members of the general assembly.(b) The report must include at least the following information, as of the date of the report:(1) A copy of the scrutinized company list.(2) A summary of correspondence with companies engaged by the fund (before July 1, 2011) or board under sections 23 and 24 of this chapter.(3) All investments sold, redeemed, divested, or withdrawn in compliance with section 26 of this chapter.(4) All commingled funds that are exempted from divestment under section 26 of this chapter.(5) All prohibited investments under section 27 of this chapter.(6) Any progress made under section 29 of this chapter.As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.62.
IN Code § 5-10.2-9-32 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-32. Expiration of Chapter

Sec. 32. This chapter expires on the earliest of the following:(1) Twelve (12) months after the date the government of Sudan halts the genocide in Darfur as determined by the Congress of the United States and the United States Department of State.(2) The date the United States revokes its current sanctions against the government of Sudan.(3) The date Congress or the President of the United States, through legislation or executive order, declares that mandatory divestment of the type provided for in this chapter interferes with the conduct of foreign policy for the United States.(4) The date Congress or the President of the United States declares that the government of Sudan:(A) has honored its commitments to cease attacks on civilians;(B) demobilizes and demilitarizes the Janjaweed and associated militias;(C) grants free and unfettered access for deliveries of humanitarian assistance; and(D) allows for the safe and voluntary return of refugees and international displaced persons.As added by P.L.149-2007, SEC.3.
IN Code § 5-10.2-9-33 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-33. Exemption From Conflicting Statutory or Common Law Obligations

Sec. 33. With respect to actions taken in compliance with this chapter, including all good faith determinations regarding companies on the scrutinized company list, the fund (before July 1, 2011) or system shall be exempt from any conflicting statutory or common law obligations, including any obligations with respect to choice of asset managers, investment funds, or investments for fund securities portfolios.As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.63.
IN Code § 5-10.2-9-34 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-34. Cessation of Divestment and Reinvestment in Scrutinized Companies

Sec. 34. (a) Notwithstanding any provision to the contrary, the fund (before July 1, 2011) or system shall be permitted to cease divesting and to reinvest in certain scrutinized companies on the scrutinized company list with active business operations in Sudan if evidence shows that the value for all assets under management by the fund (before July 1, 2011) or the system on a fund's behalf becomes equal to or less than ninety-nine and five-tenths percent (99.5%) of the value of all assets under management by the fund (before July 1, 2011) or the system on a fund's behalf, including the companies divested under section 26 of this chapter.(b) As provided by this section, any cessation of divestment or reinvestment shall be strictly limited to the minimum steps necessary to avoid the contingency set forth in subsection (a).(c) For any cessation of divestment, reinvestment, and subsequent ongoing investment authorized by this section, the fund (before July 1, 2011) or board shall submit a report in an electronic format under IC 5-14-6 to the legislative council for distribution to the members of the general assembly in advance of any initial reinvestment. The report shall be updated annually thereafter as applicable, setting forth the reasons and justifications for the decision to cease divestment, reinvest, or remain invested with companies with scrutinized active business operations. This section does not apply to companies that have ceased to have scrutinized business operations.As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.64.
IN Code § 5-10.2-9-35 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-35. Immunity; Liability of the Fund and Its Agents

Sec. 35. (a) Both:(1) the state and its officers, agents, and employees; and(2) the fund (before July 1, 2011) or system and its board members, executive director, officers, agents, and employees;are immune from civil liability for any act or omission related to the removal of an asset from a fund under this chapter.(b) In addition to the immunity provided under subsection (a), both:(1) the officers, agents, and employees of the state; and(2) the board members, executive director, officers, agents, and employees of the fund (before July 1, 2011) or system;are entitled to indemnification from the fund (before July 1, 2011) or system for all losses, costs, and expenses, including reasonable attorney's fees, associated with defending against any claim or suit relating to an act authorized under this chapter.As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.65.
IN Code § 5-10.2-9-36 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 9. Sudan Divestment|5-10.2-9-36. Severability

Sec. 36. The provisions of this chapter are severable in the manner provided in IC 1-1-1-8(b).As added by P.L.149-2007, SEC.3.
IN Code § 5-10.2-10-0.3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-0.3. General Assembly Findings

Sec. 0.3. The general assembly finds the following:(1) Mandatory divestment by the funds of the funds' holdings in certain companies is a measure that should be employed only under extraordinary circumstances.(2) States that are designated as a state sponsor of terror by the Secretary of State of the United States are providing military, financial, political, diplomatic, and organizational aid to known terrorist groups.(3) Support for terrorism and the acquisition of weapons of mass destruction represent a grave threat to the security of the United States and to the citizens of Indiana.(4) The threat from terrorism to the security of the United States and to the citizens of Indiana constitutes the extraordinary circumstances necessary for mandatory divestment by the funds of the funds' holdings in scrutinized companies with active business operations in a state sponsor of terror.As added by P.L.220-2011, SEC.76.
IN Code § 5-10.2-10-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-1. Requirements for Mandatory Divestment

Sec. 1. The requirements for mandatory divestment contained in this chapter are separate and distinct from the requirements for mandatory divestment contained in IC 5-10.2-9.As added by P.L.67-2009, SEC.1.
IN Code § 5-10.2-10-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-2. "Active Business Operations"

Sec. 2. As used in this chapter, "active business operations" means all business operations that are not inactive business operations.As added by P.L.67-2009, SEC.1.
IN Code § 5-10.2-10-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-3. "Board"

Sec. 3. As used in this chapter, "board" refers to the board of trustees of the Indiana public retirement system established by IC 5-10.5-3-1.As added by P.L.67-2009, SEC.1. Amended by P.L.23-2011, SEC.12.
IN Code § 5-10.2-10-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-4. "Business Operations"

Sec. 4. As used in this chapter, "business operations" means engaging in any commerce in any form in a state that sponsors terror.As added by P.L.67-2009, SEC.1.
IN Code § 5-10.2-10-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-5. "Company"

Sec. 5. (a) As used in this chapter, "company" means any of the following:(1) A sole proprietorship.(2) An organization.(3) An association.(4) A corporation.(5) A partnership.(6) A joint venture.(7) A limited partnership.(8) A limited liability partnership.(9) A limited liability company.(10) A business association.(b) The term includes all wholly owned subsidiaries, majority owned subsidiaries, parent companies, and affiliates of such entities or business associations that exist for profit making purposes.As added by P.L.67-2009, SEC.1.
IN Code § 5-10.2-10-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-6. "Cost of Divestment"

Sec. 6. As used in this chapter, "cost of divestment" means the sum of the following:(1) The costs associated with the sale, redemption, divestment, or withdrawal of an investment.(2) The costs associated with the acquisition and maintenance of a replacement investment.(3) A cost not described in subdivision (1) or (2) that is incurred by the fund (before July 1, 2011) or system in connection with a divestment transaction.As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.66.
IN Code § 5-10.2-10-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-7. "Direct Holdings"

Sec. 7. As used in this chapter, "direct holdings" means all securities of a company held directly by a fund (before July 1, 2011) or the system on behalf of a fund or in an account in which the fund (before July 1, 2011) or the system on behalf of the fund owns all shares or interests.As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.67.
IN Code § 5-10.2-10-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-8. "Fund"

Sec. 8. As used in this chapter, "fund" refers to the following:(1) The Indiana state teachers' retirement fund.(2) The public employees' retirement fund.As added by P.L.67-2009, SEC.1.
IN Code § 5-10.2-10-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-9. "Inactive Business Operations"

Sec. 9. As used in this chapter, "inactive business operations" means the mere continued holding or renewal of rights to property previously operated to generate revenues but not presently deployed for that purpose.As added by P.L.67-2009, SEC.1.
IN Code § 5-10.2-10-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-10. "Indirect Holdings"

Sec. 10. As used in this chapter, "indirect holdings" means all securities of a company that are:(1) held in an account or a fund; and(2) managed by one (1) or more persons:(A) who are not employed by the fund (before July 1, 2011) or system; and(B) in which the fund (before July 1, 2011) or the system on behalf of the fund owns shares or interests together with other investors not subject to this chapter.As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.68.
IN Code § 5-10.2-10-10.2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-10.2. "Military Equipment"

Sec. 10.2. (a) As used in this chapter, "military equipment" means weapons, arms, or military defense supplies provided directly or indirectly to any force of a state sponsor of terror. The term includes any equipment that readily may be used for military purposes, including:(1) radar systems; or(2) military grade transport vehicles.(b) The term does not include weapons, arms, or military defense supplies sold to peacekeeping forces that may be dispatched to a state sponsor of terror by the United Nations or the African Union.As added by P.L.67-2009, SEC.1.
IN Code § 5-10.2-10-10.4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-10.4. "Mineral Extraction Activities"

Sec. 10.4. (a) As used in this chapter, "mineral extraction activities" means the exploration, extraction, processing, transporting, or wholesale sale of elemental minerals or associated metals or oxides, including:(1) gold;(2) copper;(3) chromium;(4) chromite;(5) diamonds;(6) iron;(7) iron ore;(8) silver;(9) tungsten;(10) uranium; and(11) zinc.(b) The term includes the facilitation of mineral extraction activities, including the provision of supplies or services in support of mineral extraction activities.As added by P.L.67-2009, SEC.1.
IN Code § 5-10.2-10-10.6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 10.2. Public Retirement and Disability Benefits|Chapter 10. Divestment From States That Sponsor Terror|5-10.2-10-10.6. "Oil Related Activities"

Sec. 10.6. (a) As used in this chapter, "oil related activities" includes:(1) the export of oil;(2) the extraction of or production of oil;(3) the exploration for oil;(4) the ownership of rights to oil blocks;(5) the refining or processing of oil;(6) the transportation of oil;(7) the selling or trading of oil; or(8) the construction or maintenance of a pipeline, a refinery, or another oil field infrastructure.(b) The term includes the facilitation of oil related activities, including the provision of supplies or services in support of oil related activities. The mere retail sale of gasoline and related consumer products is not considered an oil related activity.As added by P.L.67-2009, SEC.1.