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This document outlines the compliance requirements for school districts regarding the Iran Divestment Act of 2012, detailing the restrictions on contracts with entities engaged in investment activities
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How to fill out iran divestment act compliance

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How to fill out iran divestment act compliance

01
Review the Iran Divestment Act requirements.
02
Identify entities subject to the act within your organization.
03
Collect documentation on investments and activities in Iran.
04
Assess compliance by comparing your investments against prohibited entities listed by the State of Illinois.
05
Compile necessary reports outlining compliance status.
06
Submit compliance documentation to the appropriate state agency as required.

Who needs iran divestment act compliance?

01
Entities and organizations that receive public funds from the state of Illinois.
02
State contractors and subcontractors.
03
Public pension funds and investment managers operating in Illinois.

What is Iran Divestment Act Compliance Rider for School Districts Form?

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Iran Divestment Act compliance refers to the adherence to the regulations set forth by the act, which aims to prevent investment in entities that engage in certain activities related to Iran's economy that could contribute to its nuclear proliferation or support of terrorism.
Entities that are involved in state investment or public pension funds are generally required to file Iran Divestment Act compliance if they have investments in companies that are engaged in prohibited activities with Iran.
To fill out Iran Divestment Act compliance, entities must gather relevant investment information, review their holdings for any involvement with restricted companies, and complete the necessary forms as mandated by the local authority or state regulations.
The purpose of Iran Divestment Act compliance is to enforce economic pressure on Iran to halt its nuclear program and diminish its support for terrorism by preventing public funds from being invested in companies that operate in specific sectors of the Iranian economy.
Entities must report information regarding their investments, including the names of companies in which they hold interests, the nature of those investments, and confirmation of whether those companies are engaged in prohibited activities with Iran.
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