SB 180 CO
Investment Performance Authority
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Summary
This bill would create an Investment Performance Authority that allows state and local governmental entities to choose to have their money invested by this authority instead of by the state treasurer. The authority would be governed by a seven-member board that includes the state treasurer, the director of state planning and budgeting, investment professionals, and child care field representatives. Eligible entities can transfer money from special funds, enterprise funds, and other authorities to be invested by the authority. Investment earnings would be distributed quarterly to participating entities on a proportional basis, used to cover the authority's administrative costs, placed in reserves, and allocated to counties for child care assistance to low-income families. This arrangement provides governmental entities an alternative to the state treasurer for investing certain public funds.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
The bill creates a special purpose authority (investment performance authority) that is authorized to invest certain public money from certain special funds, enterprise funds, and funds held by other special purpose authorities. State and other governmental entities (eligible entities) may choose to have the investment performance authority invest their money instead of the state treasurer or other authorized investor, under certain conditions. The investment performance authority is governed by a board of directors made up of the following 7 members:The state treasurer or the state treasurer's designee, who serves as chair of the board;The director of the office of state planning and budgeting or the director's designee;An individual with professional experience in managing federal, state, or local government money or managing the money of an institution of higher education or other endowment fund, appointed by the governor;2 individuals with professional experience in investment consulting or investment management, with one individual appointed by the speaker of the house of representatives and one individual appointed by the majority leader of the senate;An individual employed in the child care field, appointed by the minority leader of the senate; andAn individual working with a child care advocacy organization, appointed by the minority leader of the house of representatives. The investment performance authority uses the earnings from the investment of eligible entities' money:To quarterly disburse to eligible entities on a pro rata basis;To pay the reasonable administrative costs and expenses of the investment performance authority;To create a reserve; and To disburse to counties for child care assistance to families with low incomes according to a formula established in coordination with the child care assistance program allocation committee and the department of early childhood.(Note: This summary applies to this bill as introduced.)
Sponsors (4)
- S. Bright Republican · sponsor
- J. Marchman Democratic · sponsor
- L. García Democratic · sponsor
- R. Taggart Republican · sponsor
Action history (3)
- May 6, 2026 Senate Committee on Appropriations Postpone Indefinitely · upper
- Apr 30, 2026 Senate Committee on Finance Refer Amended to Appropriations · upper
- Apr 27, 2026 Introduced In Senate - Assigned to Finance · upper
Full text
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