Synopsis As Introduced Creates the Public Trust in Funding Responsibility Act. Prohibits a State agency from contracting with or making a grant to an entity that performs abortions or maintains or operates a facility where abortions are performed that involves the expenditure of State funds. Defines "State funds" as funds obtained through State taxation, fees, or assessments and provides that "State funds" does not include funds obtained from the federal government, federal funds administered or granted through a State agency, or State funds the expenditure of which is required by federal law. Exempts from the prohibition funding to hospitals and ambulatory surgical centers licensed under State law. Provides that the Act only applies to contracts and grants entered into, and the renewal of contracts entered into, on or after the effective date of this Act. Effective immediately.