STATE OF ISRAEL BOND INVESTMENT ENDORSED BY COUNTY COMMISSIONER BURT AARONSON.

Commissioner Aaronson leads the Commission’s investment policy committee, and wants to incrase the county’s investment income by having Palm Beach County join the State of Florida in State of Israel bond investments. He mentioned that the bonds have an A ra ting and that Israel has not defaulted on a bond in its 50-year history as a nation. The count’s Israel investment represents less than 1% of it’s approximately $2.3-BB portfolio. Boca Raton’s Senator Ted Deutch sponsored legislation that recently was signed by Governor Charlie Crist, “Protecting Florida’s Investments Act,” making Florida the first state to divest its pension fund and other public investments from firms that refuse to stop doing business with, or otherwise support Iran and Sudan.