HB 815 prohibits state funds from being invested in entities or obligations of a private corporation or other private business entity doing business in the Democratic Republic of Sudan.  State funds that qualify for this provision include funds under the state constitution, public retirement systems, institutions of higher education, and other entities part of state government that manage or invest state funds. The provisions of the bill would impact the investment decisions of a public retirement system that has holdings in a company that does business in Sudan, prohibiting them from adding to those holdings.

The bill, if enacted, will have no significant actuarial effect because it does not propose to change the funding or obligations of any public retirement system.