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)