00                   HOUSE CONCURRENT RESOLUTION NO. 27                                                                   
01 Urging the Alaska Retirement Management Board and the Alaska Permanent Fund                                             
02 Corporation to divest all holdings held in companies with business activities or holding                                
03 investments in Iran and North Korea.                                                                                    
04 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
05       WHEREAS terrorist states such as Iran and North Korea are a threat to the security of                           
06 the United States and the State of Alaska; and                                                                          
07       WHEREAS this nation's largest and most prominent public pension systems tend to                                 
08 be heavily invested in global publicly traded companies that have business activities in                                
09 terrorist-sponsoring states, including Iran and North Korea; and                                                        
10       WHEREAS the Center for Security Policy has identified that the Alaska Retirement                                
11 Management Board currently invests a sizeable percentage of its holdings in numerous                                    
12 companies with ties to Iran and North Korea; and                                                                        
13       WHEREAS the Alaska Permanent Fund Corporation invests and manages the assets                                    
14 of the Alaska permanent fund and allocates a sizeable percentage of its investments in non-                             
15 United States stocks, including those identified by the Center for Security Policy as having                            

01 ties to Iran and North Korea; and                                                                                       
02       WHEREAS the Legislature of the State of Alaska finds it unconscionable for the                                  
03 State of Alaska to invest in companies that provide revenue, advanced equipment, and                                    
04 technology to nations that threaten our vital security interests;                                                       
05       BE IT RESOLVED by the Alaska State Legislature that the Alaska Retirement                                       
06 Management Board and the Alaska Permanent Fund Corporation are strongly urged to divest                                 
07 any holdings held in any company doing business or having investments in Iran or North                                  
08 Korea, which are countries identified by the Office of Foreign Assets Control, United States                            
09 Department of the Treasury, as sponsoring terrorist activities, or in any company that fails to                         
10 certify under oath that it does not own or control any property, assets, or facilities located in,                      
11 provide goods or services to, obtain goods or services from, have distribution agreements                               
12 with, issue credits or loans to, purchase bonds or commercial paper issued by or invested in                            
13 Iran or North Korea.