Bill
S 328
Bill S 328 prohibits state and local governments from contracting with or investing public funds in companies involved in border wall construction, impacting contractors and fund managers.
Bill Number: S 328
Title: Relates to purchasing restrictions and investment of certain public funds in persons that contract to build a border wall
Status: Referred to Procurement and Contracts
Introduced: January 08, 2025
Classification: Bill
Bill S 328 aims to impose restrictions on the purchasing and investment practices of public funds concerning entities that are involved in the construction of a border wall. The primary intent of the bill is to ensure that public resources are not allocated to contractors engaged in building border walls, reflecting a legislative stance against such projects.
Purchasing Restrictions: The bill proposes that state and local governments are prohibited from entering into contracts with any person or entity that is involved in the construction of a border wall.
Investment Limitations: Public funds, including those managed by state investment boards, would be restricted from being invested in companies that have contracts related to border wall construction.
Enforcement Mechanisms: The bill may include provisions for monitoring compliance and establishing penalties for violations of these restrictions, although specific enforcement details are not outlined in the current version.
Contractors and Construction Firms: Companies that engage in or plan to engage in border wall construction would be directly affected, as they would be barred from receiving contracts or investments from public funds.
State and Local Governments: These entities would need to adjust their procurement policies and practices to comply with the new restrictions.
Public Fund Managers: Investment boards and other entities managing public funds would need to review their investment portfolios to ensure compliance with the bill's provisions.
Current Status: As of January 8, 2025, the bill has been referred to the Procurement and Contracts committee for further consideration.
Related Legislation: This bill is related to several prior-session bills (S 5405, S 2188, S 3316, and S 1091), which may provide context or background on legislative trends regarding border wall funding and public investment policies.
Bill S 328 represents a legislative effort to restrict public funding and investment in border wall construction projects. By prohibiting contracts and investments in this area, the bill reflects a broader policy decision regarding the use of public resources and the state's stance on border security initiatives. The bill is currently under review by the relevant committee, and its future will depend on further legislative action.
Compiled from official sources — confirm details with the bill’s official record.
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