Senate Sponsors: DILLARD. Short description: PUBLIC FUNDS INVSTMT ACT-FNMA Synopsis of Bill as introduced: Amends the Public Funds Investment Act. Authorizes public agencies to invest in certain obligations of the Federal National Mortgage Association and in certain money market funds that invest in those obligations. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status