§ 24-54.8-201 — Definitions

Colorado § 24-54.8-201

• Jurisdiction: Colorado
• Title 24: Government
• Art.: Divestment by Public Pension Plans

Text

As used in this part 2, unless the context
otherwise requires:

(1) Company means any entity that has publicly traded securities and is an
organization, association, corporation, partnership, joint venture, limited
partnership, limited liability partnership, limited liability company, or other entity or
business association, including all wholly owned subsidiaries, majority-owned
subsidiaries, or parent companies of such entities or business associations, that
exists for profit-making purposes.

(2) Direct holdings means all publicly traded securities of a company held
directly by the public employees' retirement association or in an account or fund in
which the public employees' retirement association owns all shares or interests.

(3) Economic prohibitions against Israel means engaging in actions that are
politically motivated and are intended to penalize, inflict economic harm on, or
otherwise limit commercial relations with the state of Israel including, but not
limited to, the boycott of, divestment from, or imposition of sanctions on the state
of Israel. Any actions permitted under applicable federal anti-boycott laws shall not
be considered economic prohibitions against Israel.

(4) Publicly traded securities means ownership interest or debt
instruments that are currently traded on a securities exchange that is officially
recognized, sanctioned, or supervised by a governmental authority of the country in
which the market is located or currently traded through an over-the-counter market
that is reflected by the existence of an interdealer quotation system.

(5) Restricted companies means companies that have economic
prohibitions against Israel.

Legislative History

Source: L. 2016: Entire part added, (HB 16-1284), ch. 33, p. 80, � 1, effective August 10.