Colorado lawmakers plan to introduce a bill early next year to eliminate state investments that are linked to the Sudanese government or military. If legislation passes, the $36 billion Colorado Public Employees Retirement Association, Denver, "would be required to comb through its investments and make sure none meet the criteria set out in the bill ... providing revenue to the government of Sudan through contracts or contributions to government-created projects or military equipment," according to a news release from Colorado House Speaker Andrew Romanoff, one of the bill's proponents. The fund would not be required to divest companies providing humanitarian support.
Colorado PERA has no investments in the government of Sudan or in companies headquartered in Sudan, Katie Kaufmanis, PERA spokeswoman, said in an e-mail. PERA officials plan to work with the state's General Assembly as they develop legislation for 2007, she said.