CO HB1265

State Treasurer must invest at least $25 million of state moneys in domestic fixed income securities issued to raise capital for Colorado-incorporated businesses or those with headquarters in Colorado.

Investment requirement applies only if the state treasurer can maintain compliance with existing duties to use prudence and care, preserve principal, and secure maximum interest rates consistent with safety and liquidity.

Bill adds new subsection (8) to Colorado Revised Statutes section 24-36-113 governing investment of state moneys.

Effective date is 90 days after final adjournment of the general assembly (August 8, 2012, if sine die is May 9, 2012), unless a referendum petition is filed and the measure requires voter approval at the November 2012 general election.