IllinoisHB1437104th General Assembly (2025–2026)HouseWALLET

NON-PROFIT INVESTMENT POOL

Sponsored By: Sponsor information unavailable

Signed by Governor

Summary

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.

state government administrationassignmentsexecutive

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Bill Overview

Analyzed Economic Effects

16 provisions identified: 9 benefits, 0 costs, 7 mixed.

Employers get longer apprentice tax relief

The law extends employer apprentice education credits to tax years beginning on or before January 1, 2027. Employers can claim up to $3,500 in qualified education expenses per apprentice. Another $1,500 applies when the apprentice lives, or the employer’s main business is located, in an underserved area. Apprentices must be Illinois residents, at least 16 at school-year end, employed in Illinois, and in full-time federally registered apprenticeships. Credits cannot reduce tax below zero; statewide awards are capped at $5 million annually, first-come, first-served.

Longer tax breaks for historic redevelopment

The law extends two River Edge redevelopment credits to tax years ending before January 1, 2029. The historic-building credit equals 25% of qualified rehabilitation costs for tax years beginning on or after January 1, 2018. Costs must total at least $5,000 and exceed the building’s adjusted basis when the plan begins. A related credit requires at least $1 million invested in a qualified rehabilitation plan. That credit covers tax years beginning on or after January 1, 2021; the supplied provision gives no credit rate.

Homeowners keep help with expired liens

The law extends a residential mechanics-lien demand and referral process until its January 1, 2027 repeal. The county pilot applies in participating counties with a code hearing unit. Homeowners can request a demand to start suit or a referral for an expired lien. A lien generally expires without an enforcement suit or lienholder counterclaim within two years after contract completion; bankruptcy stays extend that period. Owners must confirm in writing that the lien is not in pending litigation.

Election integrity task force stays authorized

The law continues authority for the Illinois Elections and Infrastructure Integrity Task Force despite its scheduled June 1, 2025 repeal. It validates actions taken under that authority. Validation applies to pending cases and proceedings filed before or after the law’s effective date. The continuation ends July 1, 2027.

Gang racketeering law gets longer life

Illinois keeps its street-gang and racketeering law in force until July 1, 2027, instead of June 1, 2027. The law also validates actions taken under it. This validation applies to pending claims, civil actions, and proceedings, including those filed before or after the law’s effective date.

Legal protections bridge delayed repeal extensions

The law protects continuity when legislation changes or removes a repeal date but becomes law after that date. The extension bill must pass before, or within seven calendar days after, the scheduled repeal. Once enacted, the affected law is treated as remaining in force throughout the gap. Actions taken in reliance on that continued effect are validated.

Safe gun storage campaign lasts longer

The Illinois Department of Public Health must develop and run a comprehensive, statewide, two-year safe gun storage awareness campaign. The requirement’s repeal moves from January 1, 2026, to July 1, 2026. The campaign depends on approved funding; no funding amount is stated.

Regional transit keeps temporary budget relief

For fiscal years 2025 and 2026, regional transit budgets can project fares below 50% of operating costs. ADA paratransit revenue can fall below 10% of its costs. Both exceptions require shortfalls caused by COVID-19’s fiscal effects. The Regional Transportation Authority also avoids State deficit payments for fiscal years 2021–2026 when system-generated revenue falls below 50% of relevant costs. These changes do not set rider fares or guarantee service levels.

Power plants keep local tax protection

The law extends State-only authority over specified new taxes and fees on electric generating facilities. Home rule governments cannot impose new charges specifically tied to electricity generation, generating capacity, or plant emissions during this period. The section is repealed January 1, 2028. The law does not guarantee lower household electricity bills.

Local elections follow new timing rules

Multi-township assessor candidates must file petitions 134–141 days before the consolidated election, rather than as late as 113 days before. In municipalities below 500,000 people, vacancies before the petition-filing period go to the next municipal election for two-year offices. Four-year offices also require at least 28 months remaining; otherwise, appointment and acting-officer rules apply. Outside home rule counties, regional superintendent vacancies go to the next general election when over 28 months remain and at least 130 days’ notice exists. County-board appointees serve until that election; Chicago school board nomination petitions follow Article 10 procedures instead of the specified Article 7 timing rule.

Park board elections use longer timelines

Certain park-board changes use a minimum 225-day timeline after a referendum or board resolution, replacing 197 days. These rules cover creating or reducing seven-member boards and changing commissioner terms between four and six years. A vacancy with over 28 months remaining receives different treatment when it occurs less than 151 days before an election. The appointee serves until the second regularly scheduled election, when voters choose someone to finish the term. That vacancy window was previously 123 days.

Park districts keep property sale powers

The law extends two park districts’ sale powers until their January 1, 2027 repeal. Rockford can sell all or part of the former Elliot Golf Course or adjacent property. Joliet can sell Splash Station. Each sale requires approval from at least four-fifths, or 80%, of commissioners in office. The price must meet or exceed the average of three independent appraisals commissioned by the district.

Health lottery games continue with less oversight

The law removes the joint scratch-off game’s January 1, 2027 stop date. It also removes stop dates for Ticket For The Cure, December 31, 2026, and Quality of Life, December 31, 2025. These games support causes including breast-cancer services and HIV/AIDS prevention. Required Quality of Life Board input ends for game design, promotion, grant applications, recommendations, and grant awards. No replacement game stop dates are set.

Veterans facilities keep exemptions for changes

The law extends exemptions for state-funded health facilities operated or maintained by the Illinois Department of Veterans Affairs. Listed construction, modification, establishment, and service-category changes can bypass the Act’s usual requirements, but notice duties remain. Closing a facility or ending a service category still requires compliance. The section is repealed July 1, 2029.

Menard County gets faster road acquisition

Menard County can use quick-take proceedings to acquire specified properties for rebuilding the Athens Blacktop corridor. This accelerated acquisition power lasts for one year after May 31, 2025. The provision is repealed July 1, 2027. No compensation amounts are stated.

Public colleges face construction contracting limits

Public colleges can use special single-prime contracting for building contracts over $250,000 through December 31, 2026. This method groups multiple types of construction work under one contract. Annual caps are $300 million for the University of Illinois and $100 million for each other public institution. Notice, bidding, subcontractor disclosure, and contractor participation protections apply. The special process becomes inoperative for public colleges on January 1, 2027.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

  • Aarón M. Ortíz

    Democratic • House

  • Ann M. Williams

    Democratic • House

  • Anna Moeller

    Democratic • House

  • Anne Stava

    Democratic • House

  • Barbara Hernandez

    Democratic • House

  • Bill Cunningham

    Democratic • Senate

  • Bob Morgan

    Democratic • House

  • Dagmara Avelar

    Democratic • House

  • Dave Vella

    Democratic • House

  • Debbie Meyers-Martin

    Democratic • House

  • Diane Blair-Sherlock

    Democratic • House

  • Edgar González, Jr.

    Democratic • House

  • Elizabeth "Lisa" Hernandez

    Democratic • House

  • Jaime M. Andrade, Jr.

    Democratic • House

  • Joyce Mason

    Democratic • House

  • Justin Slaughter

    Democratic • House

  • Katie Stuart

    Democratic • House

  • Kevin John Olickal

    Democratic • House

  • La Shawn K. Ford

    Democratic • House

  • Lisa Davis

    Democratic • House

  • Marcus C. Evans, Jr.

    Democratic • House

  • Martha Deuter

    Democratic • House

  • Mattie Hunter

    Democratic • Senate

  • Maura Hirschauer

    Democratic • House

  • Michelle Mussman

    Democratic • House

  • Nicolle Grasse

    Democratic • House

  • Sharon Chung

    Democratic • House

  • Stephanie A. Kifowit

    Democratic • House

  • Sue Scherer

    Democratic • House

  • Suzanne M. Ness

    Democratic • House

  • Thaddeus Jones

    Democratic • House

  • William "Will" Davis

    Democratic • House

  • Yolonda Morris

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 288 • No: 119

House vote • 10/31/2025

Senate Committee Amendment No. 1 House Concurs

Yes: 74 • No: 26

House vote • 10/31/2025

Senate Floor Amendment No. 4 House Concurs

Yes: 74 • No: 26

Senate vote • 10/30/2025

Third Reading - Passed;

Yes: 41 • No: 16

House vote • 10/30/2025

Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee;

Yes: 3 • No: 2

House vote • 10/30/2025

Senate Floor Amendment No. 4 Motion to Concur Recommends Be Adopted Rules Committee;

Yes: 3 • No: 2

Senate vote • 5/15/2025

Do Pass as Amended Executive;

Yes: 9 • No: 4

House vote • 4/10/2025

Third Reading - Short Debate - Passed

Yes: 74 • No: 38

House vote • 4/7/2025

House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee;

Yes: 5 • No: 2

House vote • 3/5/2025

Do Pass / Short Debate State Government Administration Committee;

Yes: 5 • No: 3

Actions Timeline

  1. Public Act . . . . . . . . . 104-0434

    11/21/2025House
  2. Effective Date November 21, 2025

    11/21/2025House
  3. Governor Approved

    11/21/2025House
  4. Sent to the Governor

    11/20/2025House
  5. Passed Both Houses

    10/31/2025House
  6. House Concurs

    10/31/2025House
  7. Senate Floor Amendment No. 4 House Concurs 074-026-000

    10/31/2025House
  8. Senate Committee Amendment No. 1 House Concurs 074-026-000

    10/31/2025House
  9. 3/5 Vote Required

    10/31/2025House
  10. Senate Floor Amendment No. 4 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000

    10/30/2025House
  11. Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000

    10/30/2025House
  12. Senate Floor Amendment No. 4 Motion to Concur Referred to Rules Committee

    10/30/2025House
  13. Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee

    10/30/2025House
  14. Senate Floor Amendment No. 4 Motion Filed Concur Rep. Bob Morgan

    10/30/2025House
  15. Senate Committee Amendment No. 1 Motion Filed Concur Rep. Bob Morgan

    10/30/2025House
  16. Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 4

    10/30/2025House
  17. Arrived in House

    10/30/2025House
  18. Chief Sponsor Changed to Rep. Bob Morgan

    10/30/2025House
  19. Third Reading - Passed; 041-016-000

    10/30/2025Senate
  20. 3/5 Vote Required

    10/30/2025Senate
  21. Placed on Calendar Order of 3rd Reading

    10/30/2025Senate
  22. Senate Floor Amendment No. 4 Adopted; Cunningham

    10/30/2025Senate
  23. Senate Floor Amendment No. 3 Withdrawn by Sen. Bill Cunningham

    10/30/2025Senate
  24. Senate Floor Amendment No. 2 Withdrawn by Sen. Bill Cunningham

    10/30/2025Senate
  25. Recalled to Second Reading

    10/30/2025Senate

Bill Text

  • Engrossed

  • Enrolled

  • House Amendment 1

  • Introduced

  • Senate Amendment 1

  • Senate Amendment 2

  • Senate Amendment 3

  • Senate Amendment 4

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