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Colorado Iran-Restricted Company Divestment Initiative (2016)
| Iran-Restricted Company Divestment Initiative | |
|---|---|
 | |
| Type | Statute |
| Origin | Citizens |
| Topic | State and local government budgets, spending and finance |
| Status | Not on the ballot |
| Not on Ballot |
|---|
 |
| This measure was not put on an election ballot |
The Iran-Restricted Company Divestment Initiative did not qualify for the November 8, 2016, ballot in Colorado as an initiated state statute.
The measure would have prohibited the investment of public funds in companies that do business with the country of Iran.[1]
Text of the Measure
Ballot title
The ballot title and submission clause as designated and fixed by the Board was as follows:[2]
| “ | 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?[3] | ” |
Full text
The full text of the measure can be read here.
Path to the ballot
- The proposed initiative was filed with the Colorado secretary of state's office on January 8, 2016, and the petition format was approved on March 2, 2016.[4]
- Initiative proponents needed to collect 98,492 signatures by August 8, 2016, to land the measure on the ballot.[4]
- Signatures were not submitted to the secretary of state's office by the deadline.
See also
- 2016 ballot measures
- Colorado 2016 ballot measures
- Laws governing the initiative process in Colorado
Footnotes
- ↑ Colorado Secretary of State, "Results for Proposed Initiative #47," accessed February 1, 2016
- ↑ Colorado Secretary of State, "Results for Proposed Initiative #47," accessed March 3, 2016
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ 4.0 4.1 Colorado Secretary of State, "2015-2016 Proposed Initiatives," accessed July 7, 2016
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State of Colorado Denver (capital) |
|---|---|
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