Relating to administration of public funds; and declaring an emergency.

Sets conditions under which person or agent collecting moneys for state agency may take more than one business day to transmit moneys to State Treasurer. Modifies reporting requirements for custodians and depositories of public funds relating to pledges and releases of securities, minimum collateral and security requirements and uninsured public funds. Directs State Treasurer to convene work group to study and develop report on provisions of state law relating to depositories of public funds. Directs chairperson of Oregon Investment Council to prescribe continuing education requirements for members of council. Declares emergency, effective on passage.