Bill Status of SB3691

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SB3691 - 104th General Assembly

PUBLIC FUNDS-SECURITIES
Last Action
2/05/2026 - Senate: Referred to Assignments
Senate Sponsors
Sen. Sally J. Turner and Seth Lewis
Statutes Amended In Order of Appearance
30 ILCS 235/2from Ch. 85, par. 902
Synopsis As Introduced
Amends the Public Funds Investment Act. Provides that a public agency may invest any public funds in any security that matures or that may be tendered for purchase at the option of the holder within not more than 7 years of the date on which it is acquired and that has the highest rating category (AAA) assigned by Standard & Poor's corporation, Moody's investors service, or other similar nationally recognized statistical rating organization. Effective immediately.
Actions
Date Chamber Action
2/05/2026 Senate Filed with Secretary by Sen. Sally J. Turner
2/05/2026 Senate First Reading
2/05/2026 Senate Referred to Assignments
3/04/2026 Senate Added as Co-Sponsor Sen. Seth Lewis