FN-T46H195-2
Page 1
FISCAL NOTE
Senate Bill 251
Committee: Ways and Means General Fund Sponsor: Senator Andrew Jones
Analyst: Riley Aaron Date: 04/29/2024
Senate Bill 251 as passed the Senate would: 1) prohibit the Boards of Control of the Teachers
and Employees Retirement Systems of Alabama from engaging in any investment activities with
certain Chinese entities; and 2) require the boards 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.