IllinoisHB5304104th General Assembly (2025–2026)House

PUBLIC FUNDS-SECURITIES

Sponsored By: Justin Slaughter

In Committee

Summary

Amends the Public Funds Investment Act. Provides that a public agency may invest any 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) assigned by Standard & Poor's corporation, Moody's investors service, or other similar nationally recognized statistical rating organization. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Justin Slaughter

    Affiliation unavailable

Cosponsors

  • Laura Faver Dias

    Affiliation unavailable

  • Michael J. Coffey, Jr.

    Affiliation unavailable

  • Michelle Mussman

    Affiliation unavailable

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added Co-Sponsor Rep. Michelle Mussman

    3/6/2026House
  2. Added Co-Sponsor Rep. Laura Faver Dias

    2/27/2026House
  3. Added Co-Sponsor Rep. Michael J. Coffey, Jr.

    2/27/2026House
  4. Referred to Rules Committee

    2/10/2026House
  5. First Reading

    2/10/2026House
  6. Filed with the Clerk by Rep. Justin Slaughter

    2/5/2026House

Bill Text

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