Some states, such as Florida and Montana, cap their in-state investments at around 2 or 3 percent. Others, such as Arkansas, allow for as much as 10 percent. California puts 8.5 percent of its assets toward in-state investments. But with Bronner at the helm, Alabama has taken this idea further than anyone else, investing as much as 16 percent of its pension money in the state and local economy, according to one outside assessment.
Thanks. God bless.