CO SB176

Authorizes the Colorado State Treasurer to invest state moneys in debt obligations backed by the full faith and credit of the State of Israel, provided the obligations are rated in one of the two highest rating categories by a nationally recognized rating organization.

Declares that the bill's sole purpose is to clarify the state treasurer's investment authority and does not express any position regarding United States foreign policy.

Takes effect at 12:01 a.m. on the day following the expiration of the ninety-day period after final adjournment of the general assembly (August 7, 2013, if adjournment sine die is on May 8, 2013).

Subject to referendum petition under Article V of the Colorado Constitution; if a referendum petition is filed within the ninety-day period, the act requires approval by voters at the November 2014 general election to take effect.

Signed by Governor John W. Hickenlooper and approved by the Colorado General Assembly.