Regards certain public entities’ governance policies

SB 6 directs state retirement boards, the Bureau of Workers' Compensation, and state universities to invest their funds primarily to maximize financial returns for participants. The bill explicitly prohibits these entities from making investment decisions intended to influence social or environmental policies or corporate governance. While the legislation requires giving equal consideration to minority and women-owned businesses when selecting investments, it mandates that financial performance and safety remain the primary drivers of investment choices. Additionally, the law outlines specific procedures for purchasing, selling, and safeguarding assets, requiring annual publication of investment policies and compliance with standard financial reporting guidelines.