FL H0999

Amends Florida's Security for Public Deposits Act to expand definitions of eligible financial institutions from "banks and savings associations" to include "financial institutions" generally and specifically credit unions.

Revises the definition of "capital account" to include the National Credit Union Administration 5300 Call Report alongside existing bank and thrift reporting requirements.

Requires qualified public depositories to be insured by the Federal Deposit Insurance Corporation or National Credit Union Share Insurance Fund, broadening coverage beyond traditional FDIC insurance.

Adds credit union reporting requirements by mandating submission of the National Credit Union Administration 5300 Call Report to the Chief Financial Officer within the same timeframe as bank and thrift reports.

Updates evidence of insurance requirements to specify that public depositors must submit proof of insurance under either the Federal Deposit Insurance Act or Federal Credit Union Act as appropriate, effective July 1, 2011.