New Mexico House Votes 65-0 To Move State's Money To Credit Unions, Community Banks
New Mexico's House of Representatives voted Monday to pass a bill that allows the state to move $2 billion - $5 billion of state funds to credit unions and small banks.
The municipal funds bill was approved 65-0 (roll call - PDF), and is subject to a vote by New Mexico's Senate. Governor Bill Richardson told the bill's sponsor that he supports the legislation.
Credit Union Times, spoke to one banker who believes that the bill got a boost from Huffington Post's Move Your Money campaign...
Way cool!
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