IL HB4908 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-04-19 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-04-19 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the State Treasurer Act. Provides that the State Treasurer may establish and administer a non-profit investment pool to supplement and enhance investment opportunities 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. Makes changes to provisions concerning the direct deposit of State payments. Amends the Accountability for the Investment of Public Funds Act. Provides that the Treasurer shall adopt rules for the efficient administration of the pool. Provides that each State agency shall make available on the Internet, and update at least monthly, no later than the end of each month (rather than by the 15th of the month), sufficient information concerning the investment of any public funds held by that State agency to identify specified information. Effective immediately.
Title
NON-PROFIT INVESTMENT POOL
Sponsors
| Sen. Mark Walker [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-19 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2024-04-17 | House | Held on Calendar Order of Second Reading - Short Debate |
| 2024-04-17 | House | Second Reading - Short Debate |
| 2024-03-25 | House | Fiscal Note Filed |
| 2024-03-20 | House | Fiscal Note Requested by Rep. Ryan Spain |
| 2024-03-14 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2024-03-13 | House | Do Pass as Amended / Short Debate State Government Administration Committee; 006-003-000 |
| 2024-03-13 | House | House Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote |
| 2024-03-12 | House | House Committee Amendment No. 1 Rules Refers to State Government Administration Committee |
| 2024-03-05 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2024-03-05 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker |
| 2024-03-05 | House | Referred to State Government Administration Committee |
| 2024-02-07 | House | Referred to Rules Committee |
| 2024-02-07 | House | First Reading |
| 2024-02-06 | House | Filed with the Clerk by Rep. Mark L. Walker |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 15 | 505 | 10 | Amended Code | Citation Text |
| 15 | 505 | 17.2 | New Code | See Bill Text |
| 30 | 237 | 10 | Amended Code | Citation Text |
