HB 18-1402

HB 18-1402, also known as the State Treasurer Investment Authority bill, allows the state treasurer of Colorado to invest state funds in bonds or other securities issued by countries, national governments, or international organizations if these investments are rated at least investment grade by a reputable credit rating agency. This means that the state can now diversify its investments into more types of financial instruments from trusted global entities, which could potentially increase returns and manage risk better. The bill has been signed into law, meaning it is now official policy in Colorado and the state treasurer can start implementing these new investment options immediately.

Official Summary

The bill authorizes the state treasurer to invest state money in securities issued by a sovereign, national, or supranational entity that are rated at least investment grade by a nationally recognized rating organization. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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