- Legislation
- HB 527
- Status
- Defeated
- Defeated On
- February 2016
- Type(s)
- Anti-boycott, State Contracts, State Investments
- Full Text
- Read HB 527
This anti-boycott bill prohibits state contracts with and state investment in companies, including sole proprietorships, that boycott Israel or persons or entities doing business in Israel or territories it occupies. The bill requires the State Board of Administration to create a blacklist of companies engaged in prohibited boycotts. The state’s System Trust Fund is prohibited from investing public retirement funds in blacklisted entities. State agencies and local governing authorities may not enter into contracts worth $1,000,000 or more with blacklisted companies. Contractors must provide written certification that they are not engaging in prohibited boycotts. The penalty for false certification is the greater of $2 million or twice the amount of the contract in addition to a 3-year ban on bidding. Related Bills: HB 199, SB 86 (passed).