DENVER - SEPTEMBER 13: A Colt AR-15, now legal with a bayonet mount, flash suppressor, collapsible stock and a high capacity magazine that holds more than 30 rounds, sits on the counter of Dave's Guns September 13, 2004 in Denver, Colorado. Between 1994 and September 13, 2004 these guns could only be sold to law enforcement and military but now it is legal for civilians to purchase them due to the expiration of the Brady Bill. (Photo by Thomas Cooper/Getty Images)

RENO, Nev. (AP) — Nevada will divest investments worth nearly $90 million in companies that manfucture or sell assault-style weapons. State Treasurer Zach Conine made the announcement Thursday, saying his office has a moral obligation to act following the recent school shooting in Texas that killed 19 children and two teachers. Conine says Nevada has a financial obligation to rid itself of investments in weapons companies that “carry this much risk.” An initial review by Conine’s office identified about $89 million in investments subject to the new policy. That represents a fraction of a Nevada’s investment portfolio of nearly $50 billion.