CO HB1152

Grants federal mineral lease districts the authority to invest up to 50 percent of funding received from the Department of Local Affairs, in addition to distributing funds to areas impacted by fuel and mineral development.

Requires districts electing to invest funds to establish an investment fund by resolution and comply with the Uniform Prudent Investor Act.

Mandates adoption of an annual investment policy that includes performance benchmarks, annual financial statements, investment fee considerations, and annual review of investments.

Allows districts to engage investment advisors through an open and competitive selection process, with investment-related expenses excluded from administrative cost calculations.

Permits appropriation and disbursement of invested funds and earnings only upon enactment of a resolution identifying the reason, while maintaining sufficient liquid assets for all district obligations.