IllinoisSB3691104th General Assembly (2025–2026)Senate

PUBLIC FUNDS-SECURITIES

Sponsored By: Sally J. Turner (Republican)

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.

assignments

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Sally J. Turner

    Republican • Senate

Cosponsors

  • Seth Lewis

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Seth Lewis

    3/4/2026Senate
  2. Referred to Assignments

    2/5/2026Senate
  3. First Reading

    2/5/2026Senate
  4. Filed with Secretary by Sen. Sally J. Turner

    2/5/2026Senate

Bill Text

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