IllinoisHB2741104th General Assembly (2025–2026)House

PUBLIC FUNDS-SECURITIES

Sponsored By: Travis Weaver (Republican)

In Committee

Summary

Amends the Public Funds Investment Act. Permits public agencies to invest public funds in any security that matures or that may be tendered for purchase at the option of the holder within not more than 7 years of the date on which it is acquired and that has the highest rating category (AAA) or the second highest rating category (AA) assigned by Standard & Poor's Corporation, Moody's Investors' Services, or other similar nationally recognized statistical rating organization. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Travis Weaver

    Republican • House

Cosponsors

  • Daniel Didech

    Democratic • House

  • Eva-Dina Delgado

    Democratic • House

  • Martha Deuter

    Democratic • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Removed Co-Sponsor Rep. Robert "Bob" Rita

    4/16/2026House
  2. Added Co-Sponsor Rep. Robert "Bob" Rita

    4/16/2026House
  3. Added Chief Co-Sponsor Rep. Martha Deuter

    4/10/2025House
  4. Added Co-Sponsor Rep. Daniel Didech

    3/25/2025House
  5. Added Chief Co-Sponsor Rep. Eva-Dina Delgado

    3/25/2025House
  6. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  7. To Tax Policy: Finance Subcommittee

    3/6/2025House
  8. Assigned to Revenue & Finance Committee

    3/4/2025House
  9. Referred to Rules Committee

    2/6/2025House
  10. First Reading

    2/6/2025House
  11. Filed with the Clerk by Rep. Travis Weaver

    2/5/2025House

Bill Text

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