On June 8, 2007 the Protecting Florida's Investment Act ("PFIA") was signed into law. The PFIA requires the State Board of Administration ("SBA"), acting on behalf of the Florida
Retirement System Trust Fund (the "FRSTF"), to assemble and publish a list of "Scrutinized Companies" that have prohibited business operation in the Sudan and Iran.
Once placed on the list of Scrutinized Companies, the SBA
and its investment managers will be prohibited from acquiring those companies' securities and may be required to divest those securities if the companies do not cease
the prohibited activities or take certain compensating actions. The implementation of the PFIA by the SBA
will not affect the FRSTF investments in U.S. Companies. The PFIA will soley affect foreign companies with certain
business operations in Sudan and Iran involving the petroleum or energy sector, oil or mineral extraction, power production or military support activities.
PFIA Quarterly Report 9/19/07 
PFIA Quarterly Report 12/18/07
PFIA Quarterly Report 3/25/08
PFIA Quarterly Report 6/10/08
Sample Letter to Scrutinized Company With
Activities in Iran 9/19/07
To view the August 31, 2007 State Board of Administration Publicly Traded Equities Securities Report click on the link below.
State Board of Administration Publicly Traded
Equities Securities.pdf
To view the May 31, 2008 State of Florida Publicly Traded Securities Report click on the link below.
State of Florida Publicly Traded Securities
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