CO HB1179

Defines "Nationally Recognized Statistical Rating Organizations" (NRSROs) as credit rating agencies registered with the U.S. Securities and Exchange Commission's Office of Credit Ratings.

Defines "Negotiable Certificate of Deposit" as an unsecured, noncollateralized bank obligation subject to federal securities law and identifiable by a security identifier.

Clarifies that negotiable certificates of deposit are treated as investments, not deposits, and are not subject to the Public Deposit Protection Act or FDIC insurance.

Expands allowable reference rates for floating coupon securities to include the Secured Overnight Financing Rate, Federal Funds Rate, and other similar reference rates beyond the previous limited options.

Amends money market fund investment requirements to specify that funds must maintain a stable net asset value of one dollar per share and comply with SEC Rule 2a-7 requirements.