Creates new provisions relating to banks that secure public funds

HB 1313 allows government entities (like cities, counties, and school districts) to deposit public funds in banks without requiring excessive security for amounts covered by federal insurance (like FDIC). It creates a new "single bank pooled method" where banks can secure uninsured public funds by pledging a shared pool of securities instead of providing separate collateral for each government account. The bill requires that the pool's value always equals at least 102% of uninsured deposits and designates a state-appointed administrator to oversee the pool and handle sales if a bank fails. This reduces administrative burdens for both banks and government entities while maintaining safeguards for public funds.