Illinois General Assembly - Bill Status for SB0246
Illinois General Assembly
  Home     Legislation & Laws     Senate     House     My Legislation     Site Map    

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips
Search By Keyword

 Bill Status of SB0246  104th General Assembly

Short Description:  NON-PROFIT INVESTMENT POOL

Senate Sponsors
Sen. Adriane Johnson - Robert F. Martwick - Mary Edly-Allen - Christopher Belt, Michael W. Halpin, Paul Faraci, Celina Villanueva, Mattie Hunter, Mike Simmons, Graciela Guzmán, Mike Porfirio, Linda Holmes, Kimberly A. Lightford, Laura M. Murphy and Li Arellano, Jr.

Last Action
DateChamber Action
  3/18/2025SenatePlaced on Calendar Order of 3rd Reading March 19, 2025

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 
DateChamber Action
  1/22/2025SenateFiled with Secretary by Sen. Adriane Johnson
  1/22/2025SenateFirst Reading
  1/22/2025SenateReferred to Assignments
  2/4/2025SenateAssigned to State Government
  2/20/2025SenatePostponed - State Government
  2/26/2025SenateAdded as Co-Sponsor Sen. Michael W. Halpin
  2/27/2025SenateAdded as Chief Co-Sponsor Sen. Robert F. Martwick
  3/4/2025SenateAdded as Co-Sponsor Sen. Paul Faraci
  3/5/2025SenateAdded as Chief Co-Sponsor Sen. Mary Edly-Allen
  3/5/2025SenateAdded as Chief Co-Sponsor Sen. Christopher Belt
  3/5/2025SenateAdded as Co-Sponsor Sen. Celina Villanueva
  3/5/2025SenateAdded as Co-Sponsor Sen. Mattie Hunter
  3/5/2025SenateAdded as Co-Sponsor Sen. Mike Simmons
  3/5/2025SenateAdded as Co-Sponsor Sen. Graciela Guzmán
  3/5/2025SenateAdded as Co-Sponsor Sen. Mike Porfirio
  3/6/2025SenateDo Pass State Government; 010-000-000
  3/6/2025SenatePlaced on Calendar Order of 2nd Reading March 18, 2025
  3/6/2025SenateAdded as Co-Sponsor Sen. Linda Holmes
  3/6/2025SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford
  3/6/2025SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  3/7/2025SenateAdded as Co-Sponsor Sen. Li Arellano, Jr.
  3/18/2025SenateSecond Reading
  3/18/2025SenatePlaced on Calendar Order of 3rd Reading March 19, 2025
  3/18/2025SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Adriane Johnson
  3/18/2025SenateSenate Floor Amendment No. 1 Referred to Assignments

Back To Top

Home | Legislation & Laws | House | Senate | My Legislation | Disclaimers | Email

  Legislative Information System logo This site is maintained for the Illinois General Assembly by the
Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706
Contact ILGA Webmaster