SB 3157

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate Apr 10, 2024
  • Passed Senate Apr 10, 2024
  • House
  • Governor

Non-Profit Investment Pool

Abstract

Amends the State Treasurer Act. Provides that the State Treasurer may establish and administer a non-profit investment pool to supplement and enhance investment opportunities 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. Makes changes to provisions concerning the direct deposit of State payments. Amends the Accountability for the Investment of Public Funds Act. Provides that the Treasurer shall adopt rules for the efficient administration of the pool. Provides that each State agency shall make available on the Internet, and update at least monthly, no later than the end of each month (rather than by the 15th of the month), sufficient information concerning the investment of any public funds held by that State agency to identify specified information. Effective immediately. Senate Committee Amendment No. 1 Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill with the following changes. Provides that the State Treasurer may establish an electronic payment processing program to supplement and enhance secure electronic payment options otherwise available to not-for-profit corporations in the State. Provides that the State Treasurer may receive funds paid into the non-profit investment pool by a not-for-profit corporation that is exempt from taxation under Section 501(c)(3), 501(c)(4), or 501(c)(6) of the Internal Revenue Code (rather than Section 501(c) of the Internal Revenue Code). Senate Floor Amendment No. 2 Provides that the State Treasurer may receive funds paid into the non-profit investment pool by a not-for-profit corporation that is exempt from taxation under Section 501(c)(5) of the Internal Revenue Code for the purpose of holding and investing those funds. House Floor Amendment No. 1 Provides that, in order to be eligible to participate in the non-profit investment pool, the not-for-profit corporation shall provide the Treasurer with a copy of the most recent audited financial statement or charitable organization annual report filed with the Attorney General. House Floor Amendment No. 2 Provides that the Treasurer may not receive funds from a not-for-profit organization that expends any of its funding to: (1) advocate for discrimination against any categories of people who are protected under the Illinois Human Rights Act or (2) impede persons from safely accessing reproductive health care as defined by the Illinois Reproductive Health Act that includes advocating for limitations on reproductive health care or by providing misleading information about abortion.

Bill Sponsors (41)

Votes


Actions


May 31, 2024

House

Rule 19(a) / Re-referred to Rules Committee

House

House Floor Amendment No. 3 Rule 19(c) / Re-referred to Rules Committee

May 26, 2024

House

Third Reading/Final Action Deadline Extended-9(b) May 31, 2024

May 25, 2024

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

House Floor Amendment No. 1 Adopted

House

House Floor Amendment No. 2 Adopted

House

House Floor Amendment No. 1 Motion Filed to Table Rep. Rita Mayfield

House

House Floor Amendment No. 2 Motion Filed to Table Rep. Rita Mayfield

May 24, 2024

Senate

Sponsor Removed Sen. Jil Tracy

House

Third Reading/Final Action Deadline Extended-9(b) May 27, 2024

House

House Floor Amendment No. 3 Motion Filed to Table Rep. Rita Mayfield

House

House Floor Amendment No. 3 Rules Refers to State Government Administration Committee

Senate

Sponsor Removed Sen. John F. Curran

May 23, 2024

House

House Floor Amendment No. 2 Referred to Rules Committee

House

House Floor Amendment No. 2 Recommends Be Adopted State Government Administration Committee; 005-003-000

House

House Floor Amendment No. 2 Rules Refers to State Government Administration Committee

House

House Floor Amendment No. 3 Referred to Rules Committee

House

House Floor Amendment No. 3 Filed with Clerk by Rep. Rita Mayfield

House

House Floor Amendment No. 2 Filed with Clerk by Rep. Rita Mayfield

May 17, 2024

House

Third Reading/Final Action Deadline Extended-9(b) May 24, 2024

Senate

Added as Co-Sponsor Sen. Laura M. Murphy

May 16, 2024

House

Second Reading - Short Debate

House

Held on Calendar Order of Second Reading - Short Debate

May 15, 2024

House

House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 005-003-000

May 14, 2024

House

Added Alternate Co-Sponsor Rep. Katie Stuart

Senate

Added as Co-Sponsor Sen. Robert Peters

May 13, 2024

House

House Floor Amendment No. 1 Rules Refers to State Government Administration Committee

May 09, 2024

House

Added Alternate Co-Sponsor Rep. Joyce Mason

House

Added Alternate Co-Sponsor Rep. Debbie Meyers-Martin

House

Added Alternate Co-Sponsor Rep. Justin Slaughter

House

Added Alternate Co-Sponsor Rep. Stephanie A. Kifowit

House

Added Alternate Co-Sponsor Rep. La Shawn K. Ford

House

Added Alternate Co-Sponsor Rep. Suzanne M. Ness

House

Added Alternate Co-Sponsor Rep. Lindsey LaPointe

May 08, 2024

Senate

Added as Co-Sponsor Sen. Omar Aquino

May 07, 2024

House

House Floor Amendment No. 1 Filed with Clerk by Rep. Rita Mayfield

House

House Floor Amendment No. 1 Referred to Rules Committee

May 06, 2024

Senate

Added as Co-Sponsor Sen. Sara Feigenholtz

May 02, 2024

House

Placed on Calendar 2nd Reading - Short Debate

May 01, 2024

House

Do Pass / Short Debate State Government Administration Committee; 005-002-000

Apr 18, 2024

House

Added Alternate Co-Sponsor Rep. Dagmara Avelar

House

Added Alternate Co-Sponsor Rep. Bob Morgan

House

Added Alternate Co-Sponsor Rep. Theresa Mah

House

Added Alternate Co-Sponsor Rep. Sue Scherer

House

Added Alternate Co-Sponsor Rep. Mary Beth Canty

House

Added Alternate Co-Sponsor Rep. Laura Faver Dias

House

Added Alternate Co-Sponsor Rep. Maura Hirschauer

House

Added Alternate Co-Sponsor Rep. Gregg Johnson

House

Added Alternate Chief Co-Sponsor Rep. Barbara Hernandez

House

Added Alternate Co-Sponsor Rep. Maurice A. West, II

Apr 16, 2024

House

Added Alternate Chief Co-Sponsor Rep. Marcus C. Evans, Jr.

House

Added Alternate Chief Co-Sponsor Rep. Diane Blair-Sherlock

House

Added Alternate Chief Co-Sponsor Rep. Jenn Ladisch Douglass

House

Added Alternate Co-Sponsor Rep. Thaddeus Jones

House

Added Alternate Co-Sponsor Rep. Camille Y. Lilly

Apr 15, 2024

House

Assigned to State Government Administration Committee

Apr 11, 2024

Senate

Added as Chief Co-Sponsor Sen. Christopher Belt

Senate

Added as Co-Sponsor Sen. David Koehler

House

Referred to Rules Committee

House

First Reading

Senate

Added as Co-Sponsor Sen. Michael W. Halpin

House

Chief House Sponsor Rep. Rita Mayfield

Apr 10, 2024

Senate

Added as Co-Sponsor Sen. Mary Edly-Allen

House

Arrived in House

Senate

Added as Co-Sponsor Sen. Celina Villanueva

Senate

Added as Co-Sponsor Sen. Ram Villivalam

Senate

Added as Co-Sponsor Sen. Cristina Castro

Senate

Added as Co-Sponsor Sen. Jil Tracy

Senate

Added as Co-Sponsor Sen. Rachel Ventura

Senate

Third Reading - Passed; 059-000-000

Senate

Placed on Calendar Order of 3rd Reading

Senate

Senate Floor Amendment No. 2 Adopted

Senate

Recalled to Second Reading

Senate

Added as Co-Sponsor Sen. Linda Holmes

Senate

Added as Co-Sponsor Sen. Emil Jones, III

Senate

Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 006-000-000

Apr 09, 2024

Senate

Senate Floor Amendment No. 2 Assignments Refers to Financial Institutions

Senate

Added as Co-Sponsor Sen. John F. Curran

Apr 05, 2024

Senate

Senate Floor Amendment No. 2 Referred to Assignments

Senate

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Adriane Johnson

Mar 14, 2024

Senate

Second Reading

Senate

Placed on Calendar Order of 3rd Reading March 20, 2024

Mar 13, 2024

Senate

Do Pass as Amended Financial Institutions; 005-002-000

Senate

Placed on Calendar Order of 2nd Reading March 14, 2024

Senate

Added as Co-Sponsor Sen. Mike Porfirio

Senate

Added as Co-Sponsor Sen. Javier L. Cervantes

Mar 12, 2024

Senate

Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions

Senate

Senate Committee Amendment No. 1 Adopted

Mar 06, 2024

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Adriane Johnson

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Feb 14, 2024

Senate

Assigned to Financial Institutions

Feb 06, 2024

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Adriane Johnson

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML PDF
Engrossed HTML PDF
Senate Amendment 001 HTML PDF
Senate Amendment 002 HTML PDF
House Amendment 001 HTML PDF
House Amendment 002 HTML PDF
House Amendment 003 HTML PDF

Related Documents

Document Format
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Sources

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