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State Archives of Florida Online Catalog

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	Record Group Number:	000120
	Series/Collection Number:	.S 2366
	Creator:	Florida. State Board of Administration.
	Title, Dates:	Sudan and Iran divestiture administrative files, 2000-2008, bulk 2007.
	Amount:	.75 cubic ft.
	Medium Included:
	Organization/Arrangement:	Reverse chronological order, gap in records from 2000 to 2006.
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	Biographical/Historical:	The State Board of Administration (SBA) is a constitutional entity of Florida state government that provides a variety of investment services to various governmental entities. Created by the Florida Legislature in 1929 (Chapter 14486, Laws of Florida; amended to the 1885 Constitution as Article IV, Section 16, 1942, Senate Joint Resolution 324, 1941; continued under Article XII, Section 9, 1968 Constitution and Ch. 69-106, Laws), its members are the Governor, the Chief Financial Officer, and the Attorney General. The Board's statutory mandate is to invest, manage and safeguard assets of the Florida Retirement System (FRS) and its 25 trust funds and pension plans used for a number of investment services. In addition, the SBA provides administrative services to the Florida Prepaid College Board and the Division of Bond Finance. In 1985, three Florida Senators filed a petition to initiate rulemaking with the State Board of Administration regarding the portfolio management practices of the State Pension Fund as they related to the Republic of South Africa, intending to limit the amount of state pension funds invested in companies doing business with South Africa due to its policy of apartheid. Similarly, in 2006, the legislature and the SBA initiated legislation that would require the divestment of SBA funds invested in companies that had business operations in Sudan or Iran due to those countries' state sponsorship of terrorism. In 2007, the Protecting Florida's Investments Act required the SBA to assemble and publish a quarterly list of scrutinized companies with investments in Sudan or Iran; the law then prohibited state agencies and local governments from doing business with the companies listed.
	Summary:	This series contains records related to the preparation and implementation of the Protecting Florida's Investment Act, and the State Board of Administration's data collection methods for their list of scrutinized companies. The types of records include cabinet meeting minutes, correspondence with government agencies and investment companies, and reports regarding the Florida Retirement System's portfolio management and investment issues. This series also includes legislative materials such as bill proposals, drafts and summaries. These records document the SBA's response to state sponsored terrorism in Sudan and Iran, and the processes through which the SBA determined which investment companies to include in their list.
	Finding Aids:	Folder listing available. 0
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	Associated Materials:	SBA divestiture records are also located in two other series: Series S2261 contains South African divestment records from 1983 to 1991; Series S2085 contains tobacco investment analysis files from 1994 to 2001.
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	Subject Access Fields:	Florida. Dept. of Legal Affairs. Florida. State Board of Administration. Investment of public funds Florida Retirement Florida Corporate divestiture. Articles. aat Letters. aat Reports. aat
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