HB5045 - 104th General Assembly (2025-2026)

NON-PROFIT INVESTMENT POOL
Last Action
2/10/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Rita Mayfield
Statutes Amended In Order of Appearance
15 ILCS 505/17.2 new  
Synopsis As Introduced
Amends the State Treasurer Act. Provides that the State Treasurer may establish and administer a non-profit investment pool and an electronic payment processing program to supplement and enhance investment opportunities and secure electronic payment options otherwise available to not-for-profit corporations in the State. Provides that the Treasurer may receive funds paid into the pool for the purpose of holding and investing those funds. Provides for surety bonds payable to not-for-profit corporations who participate in the pool. Provides that the Treasurer shall adopt rules for the efficient administration of the pool.
Actions
DateChamberAction
2/04/2026HouseFiled with the Clerk by Rep. Rita Mayfield
2/10/2026HouseFirst Reading
2/10/2026HouseReferred to Rules Committee