2008 House Bill 6297

Senate Roll Call 600: Passed

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.

38 Yeas / 0 Nays
Republican (21 Yeas / 0 Nays)
Democrat (17 Yeas / 0 Nays)