Bill Status of SB 246   104th General Assembly


Short Description:  NON-PROFIT INVESTMENT POOL

Senate Sponsors
Sen. Adriane Johnson

Last Action  View All Actions

DateChamber Action
  1/22/2025SenateReferred to Assignments

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

Back To Top