NOTE: The governor signed this measure on 5/5/2013.
      
      
      SENATE BILL 13-176
      
      
      BY SENATOR(S) Scheffel and Carroll, Baumgardner, Cadman, Grantham,
      Hudak, Lambert, Lundberg, Marble, Balmer, Brophy, Crowder, Harvey,
      King, Renfroe, Roberts, Todd;
      also REPRESENTATIVE(S) Everett and Williams, Buck, DelGrosso,
      Hamner, Holbert, Humphrey, Joshi, Kraft-Tharp, Landgraf, Lawrence,
      McNulty, Melton, Moreno, Murray, Nordberg, Rankin, Saine, Scott,
      Wilson, Wright, Garcia, Labuda, Pabon, Priola, Rosenthal, Salazar, Szabo,
      Waller, Young.
      
      
      Concerning authorization for the state treasurer to invest state
           moneys in debt obligations backed by the full faith and
           credit of the state of Israel.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  Legislative declaration. The general assembly
      hereby finds and declares that the only purpose of this act is to clarify the
      scope of the state treasurer's investment authority and that this act is not
      intended to express any position of the general assembly regarding foreign
      policy of the United States.
      
           SECTION 2.  In Colorado Revised Statutes, 24-36-113, add (3.9)
      as follows:
      
           24-36-113.  Investment of state moneys - limitations. (3.9)  The
      state treasurer may, in the state treasurer's discretion, invest
      such moneys in debt obligations backed by the full faith and
      credit of the state of Israel that are rated in one of the two
      highest rating categories by a nationally recognized rating
      organization.
      
           SECTION 3.  Act subject to petition - effective date. This act
      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); except that, if a
      referendum petition is filed pursuant to section 1 (3) of article V of the state
      constitution against this act or an item, section, or part of this act within
      such period, then the act, item, section, or part will not take effect unless
      approved by the people at the general election to be held in November 2014
      and, in such case, will take effect on the date of the official declaration of
      the vote thereon by the governor.
      
      
      
      
      ____________________________  ____________________________
      John P. Morse                         Mark Ferrandino
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Cindi L. Markwell                      Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO