Legislative Session number- 83

Bill Name: SF2473

Modifying certain provisions regulating the deposit and investment of+ local
public funds; defining banking day for clarification purposes; +providing an
alternative method for collateralizing deposits of public funds; +providing for
the acceptance of corporate surety bonds or collateral to protect +deposits not
covered by federal deposit insurance; providing for determination of +the
collateral amount and specifying certain reporting requirements of +banks;
providing for collection of surety bonds and collateral in the event +of bank
default; granting immunity from liability for government entities or +officials
for loss sustained from the deposit of funds with eligible banks (je)