HB 16-1207 Summary

• Requires the Public Employees' Retirement Association (PERA) to invest at least one percent of new moneys in renewable energy companies beginning January 1, 2017, and annually thereafter.

• Defines "renewable energy company" as an entity that either produces renewable energy equal to or exceeding 60 percent of its total annual energy output or primarily manufactures equipment, products, or services that enable renewable energy production.

• Requires PERA to include an explanation in its comprehensive annual financial report if unable to meet the one percent investment requirement in any calendar year.

• Defines "renewable energy" as any eligible energy resources under Colorado Revised Statutes section 40-2-124(1)(a).

• Becomes effective 90 days after the 2016 legislative session adjourns (August 10, 2016) unless subject to a referendum petition requiring voter approval in November 2016.