# Illinois HB5304: PUBLIC FUNDS-SECURITIES

Illinois HB5304, PUBLIC FUNDS-SECURITIES, is a 104th General Assembly (2025–2026) House bill sponsored by Justin Slaughter (Democratic); status in committee, last action 2026-03-06 (Added Co-Sponsor Rep. Michelle Mussman) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-HB5304-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois HB5304
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: PUBLIC FUNDS-SECURITIES
- Status: in committee
- Chamber: House
- Introduced: 2026-02-05
- Last action: 2026-03-06, Added Co-Sponsor Rep. Michelle Mussman
- Sponsor: Justin Slaughter (Democratic)
- Cosponsors: 3
- Touches household money: no
- Economic provisions PRIA read: 0

## 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Justin Slaughter (Democratic), House
- Cosponsor: Laura Faver Dias (Democratic), House
- Cosponsor: Michael J. Coffey, Jr. (Republican), House
- Cosponsor: Michelle Mussman (Democratic), House

## Actions (6)

- 2026-03-06: Added Co-Sponsor Rep. Michelle Mussman (House)
- 2026-02-27: Added Co-Sponsor Rep. Laura Faver Dias (House)
- 2026-02-27: Added Co-Sponsor Rep. Michael J. Coffey, Jr. (House)
- 2026-02-10: Referred to Rules Committee (House)
- 2026-02-10: First Reading (House)
- 2026-02-05: Filed with the Clerk by Rep. Justin Slaughter (House)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB5304.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/10400HB5304.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-HB5304-2025-2026 (as of 2026-11-01).