Amends TCA Title 9, Chapter 4.

This bill authorizes the use of cash as a form of eligible collateral for purposes of the collateral required to be pledged to secure public deposits. Present law requires qualified public depositories to deposit with the state treasurer eligible collateral equal to or in excess of the required collateral of the depository. This amendment authorizes a qualified public depository meeting the board-established criteria to pledge collateral equal to 100 percent to pledge collateral equal to 90 percent of the public deposits held by the depository on or after the date that this bill becomes a law until December 31, 2026.