Introduced in the House on June 27, 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
The vote was 107 in favor, 0 opposed and 3 not voting
(House Roll Call 750 at House Journal 77)
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