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HB1437 - 104th General Assembly
NON-PROFIT INVESTMENT POOL
Last Action
House Sponsors
Rep. Rita Mayfield - Justin Slaughter - Barbara Hernandez - Diane Blair-Sherlock, Debbie Meyers-Martin, Suzanne M. Ness, Nicolle Grasse, Lisa Davis, Yolonda Morris, Marcus C. Evans, Jr., Maura Hirschauer, Sharon Chung, Sue Scherer, Dave Vella, Jaime M. Andrade, Jr., Dagmara Avelar, Elizabeth "Lisa" Hernandez, Stephanie A. Kifowit, Edgar González, Jr., La Shawn K. Ford, William "Will" Davis, Joyce Mason, Anna Moeller, Michelle Mussman, Kevin John Olickal, Aarón M. Ortíz, Anne Stava-Murray, Katie Stuart, Ann M. Williams, Martha Deuter and Thaddeus Jones
Senate Sponsors
(Sen. Don Harmon)
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.
House Floor Amendment No. 1
Provides that not-for-profit corporations exempt from taxation under Section 501(c)(c) or 501(c)(5) of the Internal Revenue Code (rather than Section 501(c)(3), 501(c)(4), 501(c)(5), or 501(c)(6) of the Internal Revenue Code) are eligible to participate in the non-profit investment pool.
Senate Committee Amendment No. 1
Deletes reference to:
15 ILCS 505/17.2 new
Adds reference to:
15 ILCS 505/0.01from Ch. 130, par. 0.01
Replaces everything after the enacting clause. Amends the State Treasurer Act. Makes a technical change in a Section concerning the short title.
Actions
| Date | Chamber | Action |
|---|---|---|
| 01/17/2025 | House | Filed with the Clerk by Rep. Rita Mayfield |
| 01/28/2025 | House | First Reading |
| 01/28/2025 | House | Referred to Rules Committee |
| 02/18/2025 | House | Assigned to State Government Administration Committee |
| 02/27/2025 | House | Added Co-Sponsor Rep. Debbie Meyers-Martin |
| 02/27/2025 | House | Added Co-Sponsor Rep. Suzanne M. Ness |
| 03/04/2025 | House | Added Co-Sponsor Rep. Nicolle Grasse |
| 03/05/2025 | House | Do Pass / Short Debate State Government Administration Committee; 005-003-000 |
| 03/06/2025 | House | Placed on Calendar 2nd Reading - Short Debate |
| 03/06/2025 | House | Added Co-Sponsor Rep. Lisa Davis |
| 03/11/2025 | House | Added Chief Co-Sponsor Rep. Justin Slaughter |
| 03/11/2025 | House | Added Chief Co-Sponsor Rep. Barbara Hernandez |
| 03/12/2025 | House | Added Co-Sponsor Rep. Yolonda Morris |
| 03/13/2025 | House | Added Co-Sponsor Rep. Marcus C. Evans, Jr. |
| 03/13/2025 | House | Added Co-Sponsor Rep. Maura Hirschauer |
| 03/13/2025 | House | Added Co-Sponsor Rep. Sharon Chung |
| 03/13/2025 | House | Added Co-Sponsor Rep. Sue Scherer |
| 03/13/2025 | House | Added Co-Sponsor Rep. Dave Vella |
| 03/13/2025 | House | Added Co-Sponsor Rep. Jaime M. Andrade, Jr. |
| 03/13/2025 | House | Added Co-Sponsor Rep. Dagmara Avelar |
| 03/13/2025 | House | Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez |
| 03/13/2025 | House | House Floor Amendment No. 1 Filed with Clerk by Rep. Rita Mayfield |
| 03/13/2025 | House | House Floor Amendment No. 1 Referred to Rules Committee |
| 03/18/2025 | House | Added Chief Co-Sponsor Rep. Diane Blair-Sherlock |
| 03/18/2025 | House | Added Co-Sponsor Rep. Stephanie A. Kifowit |
| 03/18/2025 | House | Added Co-Sponsor Rep. Edgar González, Jr. |
| 03/18/2025 | House | Added Co-Sponsor Rep. La Shawn K. Ford |
| 03/18/2025 | House | Added Co-Sponsor Rep. William "Will" Davis |
| 03/18/2025 | House | Added Co-Sponsor Rep. Joyce Mason |
| 03/18/2025 | House | Added Co-Sponsor Rep. Anna Moeller |
| 03/18/2025 | House | Added Co-Sponsor Rep. Michelle Mussman |
| 03/18/2025 | House | Added Co-Sponsor Rep. Kevin John Olickal |
| 03/18/2025 | House | Added Co-Sponsor Rep. Aarón M. Ortíz |
| 03/18/2025 | House | Added Co-Sponsor Rep. Anne Stava-Murray |
| 03/18/2025 | House | Added Co-Sponsor Rep. Katie Stuart |
| 03/18/2025 | House | Added Co-Sponsor Rep. Ann M. Williams |
| 03/18/2025 | House | House Floor Amendment No. 1 Rules Refers to State Government Administration Committee |
| 03/26/2025 | House | Second Reading - Short Debate |
| 03/26/2025 | House | Added Co-Sponsor Rep. Martha Deuter |
| 03/26/2025 | House | Held on Calendar Order of Second Reading - Short Debate |
| 03/27/2025 | House | Added Co-Sponsor Rep. Thaddeus Jones |
| 04/07/2025 | House | House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 005-002-000 |
| 04/10/2025 | House | House Floor Amendment No. 1 Adopted |
| 04/10/2025 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 04/10/2025 | House | Third Reading - Short Debate - Passed 074-038-000 |
| 04/14/2025 | Senate | Arrive in Senate |
| 04/14/2025 | Senate | Placed on Calendar Order of First Reading |
| 04/14/2025 | Senate | Chief Senate Sponsor Sen. Adriane Johnson |
| 04/14/2025 | Senate | First Reading |
| 04/14/2025 | Senate | Referred to Assignments |
| 05/08/2025 | Senate | Assigned to Executive |
| 05/08/2025 | Senate | Alternate Chief Sponsor Changed to Sen. Don Harmon |
| 05/09/2025 | Senate | Rule 2-10 Committee Deadline Established As May 23, 2025 |
| 05/13/2025 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon |
| 05/13/2025 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 05/14/2025 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Executive |
| 05/14/2025 | Senate | Senate Committee Amendment No. 1 Adopted |
| 05/15/2025 | Senate | Do Pass as Amended Executive; 009-004-000 |
| 05/15/2025 | Senate | Second Reading |
| 05/15/2025 | Senate | Placed on Calendar Order of 3rd Reading May 20, 2025 |