All public deposits made by the State Treasurer in financial institutions shall be secured as provided for in the Security for Public Deposits Act. As used in this section, "public deposits" shall not include those types of investments specified in paragraphs 1, 3, 4, 5, 6, 7 and 8 of subsection A of Section 89.2 of this title.

Laws 1987, HB 1492, c. 194, § 7, emerg. eff. July 1, 1987; Amended by Laws 1999, SB 647, c. 292, § 4, emerg. eff. July 1, 1999 (superseded document available).