# Illinois HB2741: PUBLIC FUNDS-SECURITIES

Illinois HB2741, PUBLIC FUNDS-SECURITIES, is a 104th General Assembly (2025–2026) House bill sponsored by Travis Weaver (Republican); status in committee, last action 2026-04-16 (Removed Co-Sponsor Rep. Robert "Bob" Rita) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-HB2741-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois HB2741
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: PUBLIC FUNDS-SECURITIES
- Status: in committee
- Chamber: House
- Introduced: 2025-02-05
- Last action: 2026-04-16, Removed Co-Sponsor Rep. Robert "Bob" Rita
- Sponsor: Travis Weaver (Republican)
- Cosponsors: 3
- Subjects: revenue & finance
- Touches household money: no
- Economic provisions PRIA read: 0

## 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Travis Weaver (Republican), House
- Cosponsor: Daniel Didech (Democratic), House
- Cosponsor: Eva-Dina Delgado (Democratic), House
- Cosponsor: Martha Deuter (Democratic), House

## Actions (11)

- 2026-04-16: Removed Co-Sponsor Rep. Robert "Bob" Rita (House)
- 2026-04-16: Added Co-Sponsor Rep. Robert "Bob" Rita (House)
- 2025-04-10: Added Chief Co-Sponsor Rep. Martha Deuter (House)
- 2025-03-25: Added Co-Sponsor Rep. Daniel Didech (House)
- 2025-03-25: Added Chief Co-Sponsor Rep. Eva-Dina Delgado (House)
- 2025-03-21: Rule 19(a) / Re-referred to Rules Committee (House)
- 2025-03-06: To Tax Policy: Finance Subcommittee (House)
- 2025-03-04: Assigned to Revenue & Finance Committee (House)
- 2025-02-06: Referred to Rules Committee (House)
- 2025-02-06: First Reading (House)
- 2025-02-05: Filed with the Clerk by Rep. Travis Weaver (House)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB2741.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
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB2741.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-HB2741-2025-2026 (as of 2026-11-01).