House Sponsors: RUTHERFORD-HULTGREN-MEYER-BLACK-BELLOCK AND DAVIS,MONIQUE. Senate Sponsors: WALSH,T Short description: PUBLIC FUNDS UNINSURED FUNDS Synopsis of Bill as introduced: Amends the Public Funds Investment Act. Provides that funds deposited in a financial institution that are not insured may be collateralized by letters of credit issued by a Federal Home Loan Bank. Effective immediately. Last action on Bill: PUBLIC ACT.............................. 91-0773 Last action date: 00-06-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status