2008 Senate Bill 1516: Allow schools to invest in CD Account Registry Service programs

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Introduced by Sen. Patricia Birkholz (R) on September 18, 2008, to allow school districts and intermediate school districts to invest retirement funds, building and site funds, sinking funds, or general funds in a Certificate of Deposit Account Registry Service program, which spreads an investor's funds among as many member institutions as necessary so that no more than $100,000 is invested in any single institution -- thus allowing the investment to be fully covered by the FDIC insurance.
- Referred to the Senate Education Committee on September 18, 2008.

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1) Good idea by Anonymous Citizen on September 23, 2008
It takes a former county treasurer to realize what a good idea this is. Thanks! Now, can we open it up to all municipalities, not just schools?
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2) 2008 Senate Bill 1516 (Allow schools to invest in CD Account Registry Service programs ) by admin on January 1, 2001
Introduced in the Senate on September 18, 2008

Click here to view bill details.
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