SB3086 - 104th General Assembly (2025-2026)

STATE PERMITTED INVESTMENTS
Last Action
4/29/2026 - Senate: Third Reading - Passed; 047-007-000
Senate Sponsors
Sen. Ram Villivalam
Statutes Amended In Order of Appearance
15 ILCS 520/22.5  from Ch. 130, par. 41a
Synopsis As Introduced
Amends the Deposit of State Moneys Act. Provides that the State Treasurer may invest or reinvest any State money in private placement fixed income securities that are exempt from the registration requirements of the Securities and Exchange Commission if specified conditions are satisfied. Effective immediately.

Senate Committee Amendment No. 1
Provides that the State Treasurer may invest or reinvest any State money in pooled investment trusts that are registered as an open-end investment company with the Securities and Exchange Commission and with voting trustees that are officers or employees of a national labor federation (rather than private placement fixed income securities that are exempt from the registration requirements of the Securities and Exchange Commission).
Actions
DateChamberAction
1/29/2026SenateFiled with Secretary by Sen. Ram Villivalam
1/29/2026SenateFirst Reading
1/29/2026SenateReferred to Assignments
3/10/2026SenateAssigned to State Government
3/10/2026SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Ram Villivalam
3/10/2026SenateSenate Committee Amendment No. 1 Referred to Assignments
3/11/2026SenateSenate Committee Amendment No. 1 Assignments Refers to State Government
3/13/2026SenateRule 2-10 Committee Deadline Established As March 27, 2026
3/27/2026SenateRule 2-10 Committee Deadline Established As April 24, 2026
4/15/2026SenateSenate Committee Amendment No. 1 Adopted
4/15/2026SenateDo Pass as Amended State Government; 008-000-000
4/15/2026SenatePlaced on Calendar Order of 2nd Reading April 16, 2026
4/16/2026SenateSecond Reading
4/16/2026SenatePlaced on Calendar Order of 3rd Reading April 17, 2026
4/17/2026SenateRule 2-10 Third Reading Deadline Established As May 8, 2026
4/29/2026SenateThird Reading - Passed; 047-007-000