Nevada OKs terror-free policy for General Fund

The Nevada State Board of Finance, Carson City, approved terror-free investment policies for the state’s approximately $2.6 billion General Fund. The policies were enacted not because of any social-issue concerns, but “so that we can (monitor) any risks that may be associated with those investments,” said Robin V. Reedy, chief deputy treasurer. The policies do not extend to investment pools state Treasurer Kate Marshall oversees or to the investments of the $23.4 billion Nevada Public Employees’ Retirement System, Carson City, which the treasurer does not control. Ms. Marshall will review the federal State Sponsors of Terrorism, Foreign Terrorist Organizations and Specially Designated Nationals lists quarterly and cross-check the lists with General Fund investments. If an investment is associated with entities on the lists, the state could divest it, according to the policy.