2005 Senate Bill 853

Require school money be in in-state banks

Introduced in the Senate

Nov. 1, 2005

Introduced by Sen. Wayne Kuipers (R-30)

To prohibit school districts or intermediate school districts (ISDs) from having more than $100,000 in deposits or investments with a bank that does not have a principal office or branch in Michigan.

Referred to the Committee on Education