IllinoisSB3086104th General Assembly (2025–2026)SenateWALLET

STATE PERMITTED INVESTMENTS

Sponsored By: Ram Villivalam (Democratic)

Signed by Governor

Summary

Amends the Deposit of State Moneys Act. Provides that the State Treasurer may invest or reinvest any State money in private placement fixed income securities that are exempt from the registration requirements of the Securities and Exchange Commission if specified conditions are satisfied. Effective immediately.

assignmentsstate governmentstate government administration

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Illinois Treasurer gains more corporate bond options

The law lets the Illinois Treasurer invest eligible state money in corporate bonds. Eligible money includes funds not needed for bills due now or soon, or set aside for state bond payments. Issuers must be U.S.-organized companies with a significant Illinois presence and more than $500 million in assets. At purchase, bonds must rank in the top three rating levels from at least two rating services. They must mature more than 270 days but less than 10 years after purchase. Purchases cannot exceed 10% of an issuer’s outstanding obligations or one-third of a public agency’s funds. Issuers on the state investment board’s restricted-company list are excluded. The law creates no direct household payment or tax break.

Sponsors & Cosponsors

Sponsor

  • Ram Villivalam

    Democratic • Senate

Cosponsors

  • Diane Blair-Sherlock

    Democratic • House

  • Elizabeth "Lisa" Hernandez

    Democratic • House

  • Kevin John Olickal

    Democratic • House

  • Marcus C. Evans, Jr.

    Democratic • House

  • Rick Ryan

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 202 • No: 39

Senate vote • 5/31/2026

House Floor Amendment No. 1 Senate Concurs

Yes: 51 • No: 6

Senate vote • 5/29/2026

House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt State Government;

Yes: 7 • No: 0

House vote • 5/22/2026

Third Reading - Short Debate - Passed

Yes: 73 • No: 26

House vote • 5/20/2026

House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee;

Yes: 8 • No: 0

House vote • 5/13/2026

Do Pass / Short Debate State Government Administration Committee;

Yes: 8 • No: 0

Senate vote • 4/29/2026

Third Reading - Passed;

Yes: 47 • No: 7

Senate vote • 4/15/2026

Do Pass as Amended State Government;

Yes: 8 • No: 0

Actions Timeline

  1. Public Act . . . . . . . . . 104-0853

    8/25/2026Senate
  2. Effective Date August 25, 2026

    8/25/2026Senate
  3. Governor Approved

    8/25/2026Senate
  4. Sent to the Governor

    6/29/2026Senate
  5. Passed Both Houses

    5/31/2026Senate
  6. Senate Concurs

    5/31/2026Senate
  7. House Floor Amendment No. 1 Senate Concurs 051-006-000

    5/31/2026Senate
  8. House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt State Government; 007-000-000

    5/29/2026Senate
  9. House Floor Amendment No. 1 Motion to Concur Assignments Referred to State Government

    5/28/2026Senate
  10. House Floor Amendment No. 1 Motion to Concur Referred to Assignments

    5/28/2026Senate
  11. House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Ram Villivalam

    5/28/2026Senate
  12. Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 25, 2026

    5/22/2026Senate
  13. Secretary's Desk - Concurrence House Amendment(s) 1

    5/22/2026Senate
  14. Third Reading - Short Debate - Passed 073-026-000

    5/22/2026House
  15. Placed on Calendar Order of 3rd Reading - Short Debate

    5/21/2026House
  16. House Floor Amendment No. 1 Adopted by Voice Vote

    5/21/2026House
  17. House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 008-000-000

    5/20/2026House
  18. Added Alternate Chief Co-Sponsor Rep. Elizabeth "Lisa" Hernandez

    5/20/2026House
  19. Added Alternate Chief Co-Sponsor Rep. Rick Ryan

    5/20/2026House
  20. Added Alternate Chief Co-Sponsor Rep. Diane Blair-Sherlock

    5/20/2026House
  21. Added Alternate Chief Co-Sponsor Rep. Marcus C. Evans, Jr.

    5/20/2026House
  22. Held on Calendar Order of Second Reading - Short Debate

    5/19/2026House
  23. Second Reading - Short Debate

    5/19/2026House
  24. House Floor Amendment No. 1 Rules Refers to State Government Administration Committee

    5/19/2026House
  25. House Floor Amendment No. 1 Referred to Rules Committee

    5/15/2026House

Bill Text

  • Engrossed

  • Enrolled

  • House Amendment 1

  • Introduced

  • Senate Amendment 1

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