Ballot Title Setting Board
2015-2016

The title as designated and fixed by the Board is as follows:

A change to the Colorado Revised Statutes prohibiting the investment of public funds in companies that conduct specified business operations with the Islamic Republic of Iran, and, in connection therewith, specifying such companies as “Iran-restricted companies”; defining “public funds” as moneys of the State of Colorado, the Regional Transportation District, and certain government retirement organizations; and requiring administrators of each public fund to: create a list of Iran-restricted companies in which the public fund has or may have direct or indirect holdings; send written notice to the listed companies to notify them of the possibility of divestment if active business operations continue; divest from listed companies that continue to have active business operations after receiving notice from the public fund; not acquire holdings in listed companies; and prepare annual reports regarding the public fund’s divestment from listed companies.

The ballot title and submission clause as designated and fixed by the Board is as follows:

Shall there be a change to the Colorado Revised Statutes prohibiting the investment of public funds in companies that conduct specified business operations with the Islamic Republic of Iran, and, in connection therewith, specifying such companies as “Iran-restricted companies”; defining “public funds” as moneys of the State of Colorado, the Regional Transportation District, and certain government retirement organizations; and requiring administrators of each public fund to: create a list of Iran-restricted companies in which the public fund has or may have direct or indirect holdings; send written notice to the listed companies to notify them of the possibility of divestment if active business operations continue; divest from listed companies that continue to have active business operations after receiving notice from the public fund; not acquire holdings in listed companies; and prepare annual reports regarding the public fund’s divestment from listed companies?

Hearing January 20, 2016

Single subject approved; staff draft amended; titles set.
Hearing adjourned 10:48 AM

Rehearing February 3, 2016

Motion for Rehearing denied except to the extent that the Board made changes to the titles.
Hearing adjourned 10:09 AM.

* Unofficially captioned “Iran Divestment of Public Funds" by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.