FN-T46H195-1
Page 1
FISCAL NOTE
Senate Bill 251
Committee: Veterans, Military Affairs, & Public SafetySponsor: Senator Andrew Jones
Analyst: Riley Aaron Date: 04/04/2024
Senate Bill 251 as introduced would prohibit the Board of Control of the Retirement Systems
from engaging in any investment activities with certain entities affiliated with Communist
Chinese military companies. This could decrease investments from the Retirement System, by
an unknown amount, by requiring the Board of Control to divest any holdings, or other
investment activities, currently held with the restricted entities. In addition, this bill would
increase the administrative obligations of the State Auditor, to provide and maintain
semiannually a list of restricted entities.