Modifies provisions relating to financial transactions

SB 835 modifies several state laws to update how public funds are managed and invested. The bill allows the state treasurer to invest up to $1.2 billion in linked deposits for specific sectors like farming, local businesses, and job creation, while also establishing new rules for how municipalities must competitively select banks to hold their public funds. Additionally, the legislation prohibits state and local government entities from accepting payments or participating in tests involving central bank digital currency. It also introduces requirements to prevent discrimination in government contracting based on a vendor's environmental, social, and governance scores.