Today, the Senate passed Senate Bill 176 to broaden the Colorado State Treasurer’s ability to invest in state issued Israeli bonds. The measure, sponsored by Assistant Minority Leader Mark Scheffel (R-Parker) and Majority Leader Morgan Carroll (D-Aurora), gives the state treasurer the authority to invest in Israeli government bonds so long as they meet Colorado’s stringent investment standards.
“Israel has a resilient and prosperous economy, and with returns on Israel bonds higher than average, there is no reason Colorado should not be given the opportunity to make an investment in Israel’s flourishing economy,” said Scheffel. “This bill will give the state greater investment opportunities and cement our state’s strong and thriving relationship with the Israeli people.”
Currently, the treasurer has the option to invest in bonds issued by the World Bank, the inter-American development bank, the Asian development bank, the African development bank, and the Export-Import bank.
If the bill is signed into law by the Governor, Colorado will become the 24th state to invest in Israeli bonds.
The bill now goes to the House for consideration.