Administration June 7, 2010
L.A. County Arizona Boycott Includes Govt. Bonds
June 7, 2010 (PLANSPONSOR.com) – The Los Angeles County Board of Supervisors has approved a boycott of Arizona over a controversial illegal immigration law that includes selling off state and municipal bonds from that state held by its pension fund.
Reported by Fred Schneyer
Approved on a three to two vote, the measure suspends county-funded travel, possibly cuts off contracts with Arizona-based companies, and orders the pension fund divestiture of Arizona-linked government bonds, the Los Angeles Times reported.
The Arizona law requires police to determine the immigration status of anyone they lawfully stop and then suspect is in the country illegally and makes it a state crime to lack proper immigration papers.
The boycott suspends county-funded travel to Arizona unless the county’s chief executive determines that county interests would be seriously harmed. It also calls for a report within two weeks on how the county might terminate contracts with Arizona-based companies.