SB 246

  • Illinois Senate Bill
  • 104th Regular Session
  • Introduced in Senate
  • Senate
  • 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 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.

Bill Sponsors (15)

Votes


Actions


Mar 07, 2025

Senate

Added as Co-Sponsor Sen. Li Arellano, Jr.

Mar 06, 2025

Senate

Do Pass State Government; 010-000-000

Senate

Added as Co-Sponsor Sen. Laura M. Murphy

Senate

Added as Co-Sponsor Sen. Kimberly A. Lightford

Senate

Added as Co-Sponsor Sen. Linda Holmes

Senate

Placed on Calendar Order of 2nd Reading March 18, 2025

Mar 05, 2025

Senate

Added as Co-Sponsor Sen. Celina Villanueva

Senate

Added as Chief Co-Sponsor Sen. Mary Edly-Allen

Senate

Added as Chief Co-Sponsor Sen. Christopher Belt

Senate

Added as Co-Sponsor Sen. Mattie Hunter

Senate

Added as Co-Sponsor Sen. Mike Simmons

Senate

Added as Co-Sponsor Sen. Graciela Guzmán

Senate

Added as Co-Sponsor Sen. Mike Porfirio

Mar 04, 2025

Senate

Added as Co-Sponsor Sen. Paul Faraci

Feb 27, 2025

Senate

Added as Chief Co-Sponsor Sen. Robert F. Martwick

Feb 26, 2025

Senate

Added as Co-Sponsor Sen. Michael W. Halpin

Feb 20, 2025

Senate

Postponed - State Government

Feb 04, 2025

Senate

Assigned to State Government

Jan 22, 2025

Senate

Filed with Secretary by Sen. Adriane Johnson

Senate

First Reading

Senate

Referred to Assignments

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.