HJR52 Alabama 2010 Session

Summary

Primary Sponsor

Patricia Todd

Democrat

Co-Sponsors

Gregory CanfieldPaul DeMarco

Session

Regular Session 2010

Title

Public pension systems urged not to invest funds in terrorist-sponsoring states

Summary

HJR52 is a non-binding resolution urging Alabama’s public pension systems to avoid investing in companies that do business with terrorist-sponsoring states and to divest from such investments when practical.

What This Bill Does

It states the Legislature’s position that public pension funds should not invest in entities linked to terrorist-sponsoring states. It encourages any Alabama public pension system that currently holds such investments to divest as soon as economically practicable. It also directs that a copy of the resolution be shared with all public pension funds in Alabama to communicate this stance.

Who It Affects

• Public pension systems operating in Alabama, which are urged not to invest in or divest from investments tied to terrorist-sponsoring states.
• Beneficiaries of Alabama public pension funds and Alabama taxpayers, who may be indirectly affected by pension fund investment decisions and the legislature’s position.

Key Provisions

• Urges Alabama's public pension systems not to invest funds in publicly traded companies that do business with terrorist-sponsoring states.
• Encourages any public pension system that holds such investments to divest from them as soon as economically practicable.
• Requires that a copy of the resolution be provided to all public pension funds operating in Alabama so they know the legislature's sentiment.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Resolutions, Legislative