SB535

535. Senate Bill 535, Senator Malik, to authorize investment of public funds and additional investments insured by the Federal Deposit Insurance Corporation and to declare an emergency.

explain the bill. Thank you, Mr. Speaker. I'm presenting Senate Bill 535 today. today. In the past, there's been a registry created called the Certificate of Deposit Account Registry. It's called CEDARS, and it allows government entities li...

for the bill? If not, the question before the House is a passage of Senate Bill 535. Prepare the machine, Mr. Clerk.

...other meeting. Okay, yes, sir. All right. Thank you, Mr. Chairman. Thank you, Mr. Horn. Okay, next item on the agenda is Senate Bill 535 by Senator Malik. Senator Malik, you are recognized to present your bill, sir. Thank you, Mr. Chairman.

Members, I think I've got one that's non-controversial for you. Senate Bill 535 has to do with investment of public funds. A few terms ago, we passed some legislation that authorized public entities to invest funds in, we call them CEDARS, ...

Motion to do pass. It's a proper motion. We have a due pass on Senate Bill 535. All those in favor say aye. Opposed? Senator Malek,