By Mr. Marzilli of Arlington, petition (accompanied by bill, House, No. 2653) of J. James Marzilli, Jr., for legislation to regulate investments of retirement funds by the State Treasurer in certain corporations.  Public Service.

The Commonwealth of Massachusetts

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PETITION OF:

J. James Marzilli, Jr.

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In the Year Two Thousand and Seven.

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An Act relative to state employee retirement investments.

    Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1.  Section 23 of Chapter 32 of the General Laws is hereby amended by

adding at the end thereof the following paragraph: -

                Notwithstanding the foregoing, the state treasurer as treasurer-custodian of funds and securities of the state employees retirement funds shall by himself or through his nominee withhold votes for the board of any corporation in which state employee funds are invested where such board is a non-diverse board.