CO HB1402

Repeals previous restrictions on state treasurer's investment authority related to multilateral development banks (World Bank, Inter-American Development Bank, Asian Development Bank, African Development Bank) and Israeli debt obligations.

Authorizes the state treasurer to invest state money in investment-grade securities issued by sovereign, national, or supranational entities that are rated at least investment grade by a nationally recognized rating organization, at the treasurer's discretion.

Provides a broader framework for state treasury investments in qualifying international securities beyond the previously specified entities and countries.

Takes effect August 8, 2018, unless a referendum petition is filed, in which case the act becomes effective only upon approval by voters at the November 2018 general election.