Issue Position: Pinnacol Assurance

Issue Position

Pinnacol Assurance is proposing privatization of their company. There are equally good arguments to support or reject this proposal. However, if this is approved, the revenue for the state must not be earmarked for certain purposes. The money should go into the general fund and spent according to state priorities. If privatization is not approved, there needs to be a clear cut ruling or legislative action to prohibit the state legislature from confiscating Pinnacol's reserves.

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