Illinois HB1155 mandates the University of Illinois System to divest from fossil fuel companies.
HB1155 requires the University of Illinois System to avoid investing in stocks, securities, or other obligations of fossil fuel companies. It also prohibits investments in prime commercial paper or corporate bonds issued by such companies. The Board of Trustees must update investment policies to reflect these changes and publish them within 90 days. The bill defines "fossil fuel company" and "indirect investment," and it takes effect immediately upon becoming law.
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