The memorandum says House Bill 4831 prohibits state educational institutions from investing in corporations operating in South Africa, based on a list to be compiled by the State Civil Rights Department. House Bill 4838 provides that, after July 4, 1980, state employee retirement systems managed by the State Department of Treasury divest from corporations operating in South Africa. Thirdly, House Bill 5446 prohibits the State Treasurer from depositing any surplus funds in a financial institution that makes loans to the Republic of South Africa, to corporations of the Republic of South Africa, or to any South Africa operations of U.S. corporations. The memorandum includes a press release by...
The memorandum says House Bill 4831 prohibits state educational institutions from investing in corporations operating in South Africa, based on a list to be compiled by the State Civil Rights Department. House Bill 4838 provides that, after July 4, 1980, state employee retirement systems managed by the State Department of Treasury divest from corporations operating in South Africa. Thirdly, House Bill 5446 prohibits the State Treasurer from depositing any surplus funds in a financial institution that makes loans to the Republic of South Africa, to corporations of the Republic of South Africa, or to any South Africa operations of U.S. corporations. The memorandum includes a press release by the Committee on Southern Africa of the University of Michigan. It also includes "For Your Information from Perry Bullard with SUBSTITUTE FOR HOUSE BILL No. 4.831, SUBSTITUTE FOR HOUSE BILL No. 4838,"and "For Your Information from Perry Bullard with SUBSTITUTE FOR HOUSE BILL No. 5446." The memorandum discusses the 1976 uprising in Soweto, repression, apartheid, racial discrimination, violations of human rights, the "pass book," bantustans, and U.S. companies in South Africa. • SUMMARY OF SOUTH AFRICAN DIVESTITURE ISSUE • Why is Apartheid an issue? • Why Divestiture?
