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§ 3838.5. Reporting

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: November 3, 2022

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 3. State Fiscal Affairs in General (Refs & Annos)
State Deposits and Depositories (Refs & Annos)
Russia and Belarus Divestiture Act
Effective: November 3, 2022
72 P.S. § 3838.5
§ 3838.5. Reporting
Currentness
(a) Report to Federal Government.--Within 30 days of the effective date of this section, administrators of a public fund shall file a written report to the United States Attorney General, the Treasurer of the United States and the Director of the Office of Foreign Assets Control of the United States Department of the Treasury detailing the requirements contained in this act. The administrators of public funds may file a joint report under this subsection.
(b) Duty of public fund.--A public fund shall, within three months of the effective date of this section and not less than once per year thereafter, provide a report to the Governor, the President pro tempore of the Senate, the Speaker of the House of Representatives and each member of the boards of the Pennsylvania Municipal Retirement System, the State Employees' Retirement System and Public School Employees' Retirement System. The report shall include the items required under subsection (c). The public funds may file a joint report under this subsection. The report shall be made available to the public.
(c) Contents.--The report under subsection (b) shall include all of the following:
(1) A list of all scrutinized companies in which the public fund has direct holdings, indirect holdings and alternative investments.
(2) All investments sold, redeemed, divested or withdrawn in compliance with section 4(a) and (b),1 the costs and expenses of such transfers and a determination of net gain or loss on account of such transactions incurred in compliance with the provisions of this act, which shall be determined in accordance with section 9.2
(3) All investments sold, redeemed, divested or withdrawn in compliance with section 4(c).
(4) All prohibited investments under section 4(d).

Credits

2022, Nov. 3, P.L. 1970, No. 132, § 5, imd. effective.

Footnotes

1
72 P.S. § 3838.4.
2
72 P.S. § 3838.9.
72 P.S. § 3838.5, PA ST 72 P.S. § 3838.5
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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