Michigan Laws 129.300 – Applicability of act; dates; extension
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Terms Used In Michigan Laws 129.300
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
- State sponsor of terror: means , subject to section 10 as to applicability, any country determined by the United States Secretary of State to have repeatedly provided support for acts of international terrorism. See Michigan Laws 129.292
- United States: shall be construed to include the district and territories. See Michigan Laws 8.3o
(1) If a state sponsor of terror is any of the following countries, then, except as provided in subsection (2), the provisions of this act begin to apply on the following dates:
(a) Syria, January 1, 2010.
(b) Cuba, January 1, 2011.
(c) Any other country, 12 months following the determination by the United States secretary of state.
(2) The state treasurer may extend, not more than 2 times, 1 or more of the dates in which the provisions of this act apply that are described in subsection (1) for 1 year if the state treasurer determines 1 or more of the following:
(a) The constitutionality of the divestment provisions of this act are in conflict with federal law.
(b) The department of treasury is not able to gather sufficient information to prepare an accurate scrutinized companies list.