IllinoisHB5314104th General Assembly (2025–2026)House

NON-PROFIT INVESTMENT POOL

Sponsored By: Rita Mayfield

In Committee

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Rita Mayfield

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Referred to Rules Committee

    2/10/2026House
  2. First Reading

    2/10/2026House
  3. Filed with the Clerk by Rep. Rita Mayfield

    2/5/2026House

Bill Text

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