SB 205 KY

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Became Law

Create new sections of KRS Chapter 41 to declare findings regarding the financial harms of boycotting energy companies for dealing in fossil-fuel based energy; define terms; require the State Treasurer to publish, maintain, and update a list of financial companies engaged in energy company boycotts and to file the list with the Legislative Research Commission and the Attorney General; require state governmental entities to notify the Treasurer of the listed financial companies in which the state governmental entity owns direct or indirect holdings; require state governmental entities to inform and warn listed financial companies that they may become subject to divestment by the state governmental agency unless they clarify their actions or cease their energy company boycott; require state governmental entities to divest from the listed financial company if it does not cease its energy company boycott in the timeframes established by the section; provide for delays in the divestment schedule if it will result in a loss of value or a benchmark deviation; require for delays in divestment to be reported to the Treasurer, the Legislative Research Commission, and the Attorney General; provide that a state governmental entity shall not be required to divest from any holdings in actively or passively managed investment funds or private equity funds; provide for exceptions from divestment requirements; require that beginning on December 1, 2023, and each December 1 thereafter, each state governmental agency shall file a report with the Treasurer, the Attorney General, and the Legislative Research Commission identifying the divestments it made and the investments prohibited under the Act; allow the Attorney General or the Treasurer to enforce Sections 1 to 4 and 5 of the Act; prohibit a governmental entity from entering into a contract for goods or services with a company that engages in energy company boycotts; provide exceptions; amend KRS 286.2-015 to conform.

• R. Mills Republican · primary
• R. Girdler Republican · primary
• R. Alvarado · primary
• J. Carpenter Republican · primary
• D. Carroll Republican · primary
• B. Smith Republican · primary
• B. Storm Republican · primary
• P. Wheeler Republican · primary

1. Feb 22, 2022 introduced in Senate · upper
2. Feb 22, 2022 to Committee on Committees (S) · upper
3. Feb 24, 2022 to Natural Resources & Energy (S) · upper
4. Mar 2, 2022 reported favorably, 1st reading, to Calendar with Committee Substitute (1) · upper
5. Mar 3, 2022 2nd reading, to Rules · upper
6. Mar 3, 2022 posted for passage in the Regular Orders of the Day for Monday, March 07, 2022 · upper
7. Mar 7, 2022 3rd reading, passed 26-5 with Committee Substitute (1) · upper
8. Mar 8, 2022 received in House · lower
9. Mar 8, 2022 to Committee on Committees (H) · lower
10. Mar 16, 2022 to Natural Resources & Energy (H) · lower
11. Mar 21, 2022 taken from Natural Resources & Energy (H) · lower
12. Mar 21, 2022 1st reading · upper
13. Mar 21, 2022 returned to Natural Resources & Energy (H) · lower
14. Mar 22, 2022 taken from Natural Resources & Energy (H) · lower
15. Mar 22, 2022 2nd reading · upper
16. Mar 22, 2022 returned to Natural Resources & Energy (H) · lower
17. Mar 24, 2022 reported favorably, to Rules with Committee Substitute (1) · upper
18. Mar 24, 2022 taken from Rules · upper
19. Mar 24, 2022 placed in the Orders of the Day · upper
20. Mar 24, 2022 3rd reading, passed 73-22 with Committee Substitute (1) · upper
21. Mar 25, 2022 received in Senate · upper
22. Mar 25, 2022 to Rules (S) · upper
23. Mar 29, 2022 posted for passage for concurrence in House Committee Substitute (1) · upper
24. Mar 29, 2022 Senate concurred in House Committee Substitute (1) · upper
25. Mar 29, 2022 passed 29-6 · upper
26. Mar 30, 2022 enrolled, signed by President of the Senate · upper
27. Mar 30, 2022 enrolled, signed by Speaker of the House · lower
28. Mar 30, 2022 delivered to Governor · upper
29. Apr 8, 2022 signed by Governor (Acts Ch. 120) · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Acts Chapter 120 · PDF
• Current/Final · PDF
• Introduced · PDF