Colorado Establishment of a State-Owned Bank Amendment (2014)

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The Colorado Establishment of a State-Owned Bank Amendment will not appear on the 2014 statewide ballot in the state of Colorado as an initiated constitutional amendment. The measure would have created a state-owned bank and provides for the election of its managers.[1]

Path to the ballot

Two versions of this proposed initiative had their title settings denied. A third version's title was set at a Ballot Title Setting Board meeting on April 17, 2014. However, a rehearing was held on April 24, 2014 and the title setting was then denied on the basis that the measure did not constitute a single subject, which was a constitutional requirement for initiatives in Colorado.[2]

In a response to this reversal of approval by the board, Colorado Public Banking posted a message, which they said,

There are many ways to look at this, but for those of us that believe that the banks (and the corporations that they own) control the federal and state governments, as well as key county and city governments, what we have here is a well-orchestrated charade employing varied strategies that look like a legal process, but in practice are nothing but a cynical and corrupt mockery.

[3]

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