# Illinois HB1437: NON-PROFIT INVESTMENT POOL Illinois HB1437, NON-PROFIT INVESTMENT POOL, is a 104th General Assembly (2025–2026) House bill sponsored by no sponsor on record; status signed, last action 2025-11-21 (Public Act . . . . . . . . . 104-0434); PRIA reads it as touching household money (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/IL-HB1437-2025-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Illinois HB1437 - State: Illinois - Session: 104th General Assembly (2025–2026) - Title: NON-PROFIT INVESTMENT POOL - Status: signed - Chamber: House - Introduced: 2025-01-17 - Last action: 2025-11-21, Public Act . . . . . . . . . 104-0434 - Sponsors: no sponsor on record - Cosponsors: 33 - Subjects: state government administration, assignments, executive - Touches household money: yes - Roll calls: 9 (288 yes, 119 no in all) - Economic provisions PRIA read: 16 ## 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. ## Bill overview: provisions PRIA read - Employers get longer apprentice tax relief: benefit, high. 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… - Longer tax breaks for historic redevelopment: benefit, high. 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 w… - Homeowners keep help with expired liens: benefit, low. 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 a… - Election integrity task force stays authorized: benefit, low. 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 continua… - Gang racketeering law gets longer life: benefit, low. 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: benefit, low. 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… - Safe gun storage campaign lasts longer: benefit, low. 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: benefit, low. 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 p… - Power plants keep local tax protection: benefit, low. 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.… - Local elections follow new timing rules: mixed, low. 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… - Park board elections use longer timelines: mixed, low. 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 tre… - Park districts keep property sale powers: mixed, low. 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 pri… - Health lottery games continue with less oversight: mixed, low. 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… - Veterans facilities keep exemptions for changes: mixed, low. 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 o… - Menard County gets faster road acquisition: mixed, low. 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: mixed, low. 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 inst… ## Sponsors and cosponsors - Cosponsor: Aarón M. Ortíz (Democratic), House - Cosponsor: Ann M. Williams (Democratic), House - Cosponsor: Anna Moeller (Democratic), House - Cosponsor: Anne Stava (Democratic), House - Cosponsor: Barbara Hernandez (Democratic), House - Cosponsor: Bill Cunningham (Democratic), Senate - Cosponsor: Bob Morgan (Democratic), House - Cosponsor: Dagmara Avelar (Democratic), House - Cosponsor: Dave Vella (Democratic), House - Cosponsor: Debbie Meyers-Martin (Democratic), House - Cosponsor: Diane Blair-Sherlock (Democratic), House - Cosponsor: Edgar González, Jr. (Democratic), House - Cosponsor: Elizabeth "Lisa" Hernandez (Democratic), House - Cosponsor: Jaime M. Andrade, Jr. (Democratic), House - Cosponsor: Joyce Mason (Democratic), House - Cosponsor: Justin Slaughter (Democratic), House - Cosponsor: Katie Stuart (Democratic), House - Cosponsor: Kevin John Olickal (Democratic), House - Cosponsor: La Shawn K. Ford (Democratic), House - Cosponsor: Lisa Davis (Democratic), House - Cosponsor: Marcus C. Evans, Jr. (Democratic), House - Cosponsor: Martha Deuter (Democratic), House - Cosponsor: Mattie Hunter (Democratic), Senate - Cosponsor: Maura Hirschauer (Democratic), House - Cosponsor: Michelle Mussman (Democratic), House - Cosponsor: Nicolle Grasse (Democratic), House - Cosponsor: Sharon Chung (Democratic), House - Cosponsor: Stephanie A. Kifowit (Democratic), House - Cosponsor: Sue Scherer (Democratic), House - Cosponsor: Suzanne M. Ness (Democratic), House - Cosponsor: Thaddeus Jones (Democratic), House - Cosponsor: William "Will" Davis (Democratic), House - Cosponsor: Yolonda Morris (Democratic), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-10-31 | House | Senate Committee Amendment No. 1 House Concurs | pass | 74 | 26 | | | 2025-10-31 | House | Senate Floor Amendment No. 4 House Concurs | pass | 74 | 26 | | | 2025-10-30 | Senate | Third Reading - Passed; | pass | 41 | 16 | | | 2025-10-30 | House | Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; | pass | 3 | 2 | | | 2025-10-30 | House | Senate Floor Amendment No. 4 Motion to Concur Recommends Be Adopted Rules Committee; | pass | 3 | 2 | | | 2025-05-15 | Senate | Do Pass as Amended Executive; | pass | 9 | 4 | | | 2025-04-10 | House | Third Reading - Short Debate - Passed | pass | 74 | 38 | | | 2025-04-07 | House | House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; | pass | 5 | 2 | | | 2025-03-05 | House | Do Pass / Short Debate State Government Administration Committee; | pass | 5 | 3 | | ## Actions (100) - 2025-11-21: Public Act . . . . . . . . . 104-0434 (House) - 2025-11-21: Effective Date November 21, 2025 (House) - 2025-11-21: Governor Approved (House) - 2025-11-20: Sent to the Governor (House) - 2025-10-31: Passed Both Houses (House) - 2025-10-31: House Concurs (House) - 2025-10-31: Senate Floor Amendment No. 4 House Concurs 074-026-000 (House) - 2025-10-31: Senate Committee Amendment No. 1 House Concurs 074-026-000 (House) - 2025-10-31: 3/5 Vote Required (House) - 2025-10-30: Senate Floor Amendment No. 4 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000 (House) - 2025-10-30: Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000 (House) - 2025-10-30: Senate Floor Amendment No. 4 Motion to Concur Referred to Rules Committee (House) - 2025-10-30: Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee (House) - 2025-10-30: Senate Floor Amendment No. 4 Motion Filed Concur Rep. Bob Morgan (House) - 2025-10-30: Senate Committee Amendment No. 1 Motion Filed Concur Rep. Bob Morgan (House) - 2025-10-30: Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 4 (House) - 2025-10-30: Arrived in House (House) - 2025-10-30: Chief Sponsor Changed to Rep. Bob Morgan (House) - 2025-10-30: Third Reading - Passed; 041-016-000 (Senate) - 2025-10-30: 3/5 Vote Required (Senate) - 2025-10-30: Placed on Calendar Order of 3rd Reading (Senate) - 2025-10-30: Senate Floor Amendment No. 4 Adopted; Cunningham (Senate) - 2025-10-30: Senate Floor Amendment No. 3 Withdrawn by Sen. Bill Cunningham (Senate) - 2025-10-30: Senate Floor Amendment No. 2 Withdrawn by Sen. Bill Cunningham (Senate) - 2025-10-30: Recalled to Second Reading (Senate) - 2025-10-30: Senate Floor Amendment No. 4 Be Approved for Consideration Assignments (Senate) - 2025-10-30: Added as Alternate Chief Co-Sponsor Sen. Mattie Hunter (Senate) - 2025-10-30: Senate Floor Amendment No. 4 Referred to Assignments (Senate) - 2025-10-30: Senate Floor Amendment No. 4 Filed with Secretary by Sen. Bill Cunningham (Senate) - 2025-10-29: Senate Floor Amendment No. 3 Be Approved for Consideration Assignments (Senate) - 2025-10-29: Senate Floor Amendment No. 3 Referred to Assignments (Senate) - 2025-10-29: Senate Floor Amendment No. 3 Filed with Secretary by Sen. Bill Cunningham (Senate) - 2025-10-28: Senate Floor Amendment No. 2 Be Approved for Consideration Assignments (Senate) - 2025-10-28: Alternate Chief Sponsor Changed to Sen. Bill Cunningham (Senate) - 2025-10-28: Senate Floor Amendment No. 2 Referred to Assignments (Senate) - 2025-10-28: Senate Floor Amendment No. 2 Filed with Secretary by Sen. Bill Cunningham (Senate) - 2025-10-14: Placed on Calendar Order of 3rd Reading October 15, 2025 (Senate) - 2025-10-14: Approved for Consideration Assignments (Senate) - 2025-06-02: Rule 3-9(a) / Re-referred to Assignments (Senate) - 2025-05-23: Rule 2-10 Third Reading/Passage Deadline Established As June 1, 2025 (Senate) - 2025-05-15: Placed on Calendar Order of 3rd Reading May 20, 2025 (Senate) - 2025-05-15: Second Reading (Senate) - 2025-05-15: Do Pass as Amended Executive; 009-004-000 (Senate) - 2025-05-14: Senate Committee Amendment No. 1 Adopted (Senate) - 2025-05-14: Senate Committee Amendment No. 1 Assignments Refers to Executive (Senate) - 2025-05-13: Senate Committee Amendment No. 1 Referred to Assignments (Senate) - 2025-05-13: Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon (Senate) - 2025-05-09: Rule 2-10 Committee Deadline Established As May 23, 2025 (Senate) - 2025-05-08: Alternate Chief Sponsor Changed to Sen. Don Harmon (Senate) - 2025-05-08: Assigned to Executive (Senate) - 2025-04-14: Referred to Assignments (Senate) - 2025-04-14: First Reading (Senate) - 2025-04-14: Chief Senate Sponsor Sen. Adriane L. Johnson (Senate) - 2025-04-14: Placed on Calendar Order of First Reading (Senate) - 2025-04-14: Arrive in Senate (Senate) - 2025-04-10: Third Reading - Short Debate - Passed 074-038-000 (House) - 2025-04-10: Placed on Calendar Order of 3rd Reading - Short Debate (House) - 2025-04-10: House Floor Amendment No. 1 Adopted (House) - 2025-04-07: House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 005-002-000 (House) - 2025-03-27: Added Co-Sponsor Rep. Thaddeus Jones (House) - 2025-03-26: Held on Calendar Order of Second Reading - Short Debate (House) - 2025-03-26: Added Co-Sponsor Rep. Martha Deuter (House) - 2025-03-26: Second Reading - Short Debate (House) - 2025-03-18: House Floor Amendment No. 1 Rules Refers to State Government Administration Committee (House) - 2025-03-18: Added Co-Sponsor Rep. Ann M. Williams (House) - 2025-03-18: Added Co-Sponsor Rep. Katie Stuart (House) - 2025-03-18: Added Co-Sponsor Rep. Anne Stava (House) - 2025-03-18: Added Co-Sponsor Rep. Aarón M. Ortíz (House) - 2025-03-18: Added Co-Sponsor Rep. Kevin John Olickal (House) - 2025-03-18: Added Co-Sponsor Rep. Michelle Mussman (House) - 2025-03-18: Added Co-Sponsor Rep. Anna Moeller (House) - 2025-03-18: Added Co-Sponsor Rep. Joyce Mason (House) - 2025-03-18: Added Co-Sponsor Rep. William "Will" Davis (House) - 2025-03-18: Added Co-Sponsor Rep. La Shawn K. Ford (House) - 2025-03-18: Added Co-Sponsor Rep. Edgar González, Jr. (House) - 2025-03-18: Added Co-Sponsor Rep. Stephanie A. Kifowit (House) - 2025-03-18: Added Chief Co-Sponsor Rep. Diane Blair-Sherlock (House) - 2025-03-13: House Floor Amendment No. 1 Referred to Rules Committee (House) - 2025-03-13: House Floor Amendment No. 1 Filed with Clerk by Rep. Rita Mayfield (House) - 2025-03-13: Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez (House) - 2025-03-13: Added Co-Sponsor Rep. Dagmara Avelar (House) - 2025-03-13: Added Co-Sponsor Rep. Jaime M. Andrade, Jr. (House) - 2025-03-13: Added Co-Sponsor Rep. Dave Vella (House) - 2025-03-13: Added Co-Sponsor Rep. Sue Scherer (House) - 2025-03-13: Added Co-Sponsor Rep. Sharon Chung (House) - 2025-03-13: Added Co-Sponsor Rep. Maura Hirschauer (House) - 2025-03-13: Added Co-Sponsor Rep. Marcus C. Evans, Jr. (House) - 2025-03-12: Added Co-Sponsor Rep. Yolonda Morris (House) - 2025-03-11: Added Chief Co-Sponsor Rep. Barbara Hernandez (House) - 2025-03-11: Added Chief Co-Sponsor Rep. Justin Slaughter (House) - 2025-03-06: Added Co-Sponsor Rep. Lisa Davis (House) - 2025-03-06: Placed on Calendar 2nd Reading - Short Debate (House) - 2025-03-05: Do Pass / Short Debate State Government Administration Committee; 005-003-000 (House) - 2025-03-04: Added Co-Sponsor Rep. Nicolle Grasse (House) - 2025-02-27: Added Co-Sponsor Rep. Suzanne M. Ness (House) - 2025-02-27: Added Co-Sponsor Rep. Debbie Meyers-Martin (House) - 2025-02-18: Assigned to State Government Administration Committee (House) - 2025-01-28: Referred to Rules Committee (House) - 2025-01-28: First Reading (House) - 2025-01-17: Filed with the Clerk by Rep. Rita Mayfield (House) ## Bill text - Engrossed: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437eng.pdf) - Enrolled: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437enr.pdf) - House Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437ham001.pdf) - Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437.pdf) - Senate Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437sam001.pdf) - Senate Amendment 2: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437sam002.pdf) - Senate Amendment 3: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437sam003.pdf) - Senate Amendment 4: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437sam004.pdf) ## Related bills - HB5198: AFFORDABLE HOUSING-CILAS (passed house) - SB1937: PENSION CODE-VARIOUS (passed senate) - HB2563: CONDO-RESERVE STUDY (in committee) - HB4701: LIMITATIONS FACILITY FEES ACT (in committee) - SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate) - SB3484: VEH CD-PLATES-REGISTRATION (signed) ## Sources - [Engrossed (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437eng.pdf) - [Enrolled (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437enr.pdf) - [House Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437ham001.pdf) - [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437.pdf) - [Senate Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437sam001.pdf) - [Senate Amendment 2 (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437sam002.pdf) - [Senate Amendment 3 (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437sam003.pdf) - [Senate Amendment 4 (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1437sam004.pdf) ## Related - [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026) - [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026) - [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026) - [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026) - [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026) - [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026) - [Illinois bills](https://policyrisk.com/states/illinois/bills) - [Illinois state hub](https://policyrisk.com/states/illinois) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/IL-HB1437-2025-2026 (as of 2026-11-01).