Local Issues and Governmentshttp://www.michiganvotes.org/forum/forums/20.aspxenCommunityServer 2008 (Debug Build: 30417.1769)Do ithttp://www.michiganvotes.org/forum/forums/thread/259481.aspxSat, 27 Sep 2008 19:13:11 GMT85480579-cbb1-4596-8e66-ca77d6981342:259481Anonymous Citizen0http://www.michiganvotes.org/forum/forums/thread/259481.aspxhttp://www.michiganvotes.org/forum/forums/commentrss.aspx?SectionID=20&PostID=259481It's about time we jointed the other 41 states that allow its muni's to get full FDIC protection without spreading their money out in numerous accounts.2008 Senate Bill 1517 (Allow local governments to invest in CD Account Registry Service programs )http://www.michiganvotes.org/forum/forums/thread/235789.aspxMon, 01 Jan 2001 05:00:00 GMT85480579-cbb1-4596-8e66-ca77d6981342:235789admin0http://www.michiganvotes.org/forum/forums/thread/235789.aspxhttp://www.michiganvotes.org/forum/forums/commentrss.aspx?SectionID=20&PostID=235789Introduced in the Senate on September 18, 2008, to allow local governments 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<br><br>The vote was 38 in favor, 0 opposed and 0 not voting<br><br>(Senate Roll Call 599 at Senate Journal 81)<br><br><a href='http://www.michiganvotes.org/2008-SB-1517'>Click here to view bill details.</a>