Vote Smart's Synopsis:

Vote to pass a bill that prohibits the state From conducting business with vendors that divest from oil and gas.

Highlights:

• Prohibits the state from entering into a contract with a company, unless that company submits written certification that they are not currently engaged in a boycott in any manner of the oil and gas industry (Sec. 1).

• Defines “boycott” as engaging in a refusal to deal, terminating business activities, or performing other actions that are intended to limit commercial relations with individuals or entities doing business with the oil and gas industry (Sec. 1).

• Defines “oil and gas industry” as any company that is engaged in the exploration, production, refining, servicing, and transportation of oil, natural gas, or other petroleum products (Sec. 1).

• Defines “company” as an organization, association, corporation, partnership, venture or other entity, its subsidiary or affiliate that exists for profit-making purposes or to otherwise secure economic advantage (Sec. 1).

• Defines “contract” as a written agreement between the state and a company to acquire or dispose of goods or services with an aggregate price of more than $100,000 and specifies that it does not mean a written agreement between the state and an individual to acquire or dispose of goods or services, including employment or consultant services (Sec. 1).

• Defines “state” as this state or an agency, board, commission, or department of the state (Sec. 1).

• Specifies that this act shall take effect November 1, 2021 (Sec. 2).

Full Bill Text