So much for the powers of the STRS Board, Steve Mitchell, and Damon Asbury if SB 161 passes as written!

From John Curry, June 18, 2007
Subject: So much for the powers of the STRS Board, Steve Mitchell, and Damon Asbury if SB 161 passes as written!

The section below was taken from Senate Bill 161. It will totally handcuff our abilities to invest in anything our newly appointed (if this bill becomes law) "Sudan council" deems is not allowable. Trouble is, this won't even be our own U.S. Government telling us where we can't invest....it'll be an appointed board!

John

Sec. 137.04. Except as otherwise provided in division (B) of section 137.07 of the Revised Code, no public authority shall invest any public funds by acquiring securities in any company that the Sudan council includes in the scrutinized companies divestment list pursuant to section 137.05 of the Revised Code.