A summary of proposed legislation affecting Colorado PERA. Check back often for new bills and updated status reports. Last updated: March 21, 2016.

House Bill 16-1207

PERA Investments in Renewable Energy Companies

HB 16-1207 requires that PERA, beginning January 1, 2017, and in each calendar year thereafter, ensure that, of the moneys that are not already invested by PERA, at least one percent of such moneys are invested in renewable energy companies. If PERA is unable to invest one percent of such moneys in renewable energy companies in any calendar year, PERA would be required to explain why it was unable to satisfy the requirement in the Comprehensive Annual Financial Report.

Sponsor: Rep. Paul Rosenthal (D-Denver)

Status: The bill was defeated in the House Finance Committee (11-0) on February 24.

PERA Board position: Oppose

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House Bill 16-1284

Concerning Divestment by PERA From Companies That Have Economic Prohibitions Against the State of Israel

HB 16-1284 would require PERA to make its best efforts to identify all companies that have economic prohibitions against Israel, assemble those identified companies into a list of restricted companies by January 1, 2017, and to review the list of companies on a bi-annual basis. This bill is structured similar to the statute regarding PERA’s Sudan Divestment requirements, and would require divestment of companies on the restricted list.

Sponsors: Representatives Dan Nordberg (R-Colorado Springs), Dominick Moreno (D-Commerce City), Lang Sias (R-Arvada), Lois Court (D-Denver), Brian DelGrosso (R-Loveland), Crisanta Duran (D-Denver), Justin Everett (R-Littleton), Alec Garnett (D-Denver), Daniel Kagan (D-Cherry Hills Village), Gordon Klingenschmitt (R-Colorado Springs), Tracy Kraft-Tharp (D-Arvada), Polly Lawrence (R-Littleton), Paul Lundeen (R-Monument), Dan Pabon (D-Denver), Brittany Pettersen (D-Lakewood), Angela Williams (D-Denver); and Senators Owen Hill (R-Colorado Springs), Leroy Garcia (D-Pueblo), Bill Cadman (R-Colorado Springs), Mark Scheffel (R-Parker), Larry Crowder (R-Alamosa), Kevin Grantham (R-Canon City), Chris Holbert (R-Parker), Michael Johnston (D-Denver), Jerry Sonnenberg (R-Sterling)

Status: Passed House Business Affairs and Labor Committee (13-0) on February 23, and Passed Third Reading in the House (54-10-1) on February 26. Passed Senate Finance Committee (5-0) on March 3, and passed Third Reading in the Senate (25-9-0) on March 9. Signed by the Governor on March 18.

PERA Board position: Oppose

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Previous legislative session summaries:

2015 Legislative Session

2014 Legislative Session