75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
SA to SB 633
 
LC 2417/SB 633-4
 
                      SENATE AMENDMENTS TO
                         SENATE BILL 633
 
        By COMMITTEE ON EDUCATION AND GENERAL GOVERNMENT
 
                            April 30
 
  On page 1 of the printed bill, delete lines 4 through 25.
  Delete page 2 and insert:
  '  { +  SECTION 1. + }  { + Sections 2 and 3 of this 2009 Act
are added to and made a part of ORS 293.701 to 293.820. + }
  '  { +  SECTION 2. + }  { + As used in this section and section
3 of this 2009 Act:
  ' (1) 'Company' means any sole proprietorship, organization,
firm, association, corporation, utility, partnership, venture,
public franchise, franchisor, franchisee or its wholly owned
subsidiary that exists for profit-making purposes or otherwise to
secure economic advantage.
  ' (2) 'Investment' or 'invest' means the commitment of funds or
other assets to a company, including a loan or other extension of
credit made to that company, or the ownership or control of a
share or interest in that company or of a bond or other debt
instrument issued by that company.
  ' (3) 'Iran' means the Islamic Republic of Iran. + }
  '  { +  SECTION 3. + }  { + The Oregon Investment Council and
the State Treasurer, in the State Treasurer's role as investment
officer for the council, shall act reasonably and in a manner
consistent with ORS 293.721 and 293.726 to try to ensure that
investment funds are not invested in violation of applicable
federal law in any company that is:
  ' (1) Doing business in or with Iran; or
  ' (2) Owned or controlled by the government of Iran. + }
  '  { +  SECTION 4. + }  { + This 2009 Act being necessary for
the immediate preservation of the public peace, health and
safety, an emergency is declared to exist, and this 2009 Act
takes effect on its passage. + } ' .
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