Illinois House Bill 5314

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Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 5 2026 - 25% progression, died in committee
Action: 2026-02-10 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

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.

NON-PROFIT INVESTMENT POOL

Rep. Rita Mayfield [D]

Date	Chamber	Action
2026-02-10	House	Referred to Rules Committee
2026-02-10	House	First Reading
2026-02-05	House	Filed with the Clerk by Rep. Rita Mayfield

Chapter	Article	Section	Citation Type	Statute Text
15	505	17.2	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/Legislation/BillStatus?DocNum=5314&GAID=18&DocTypeID=HB&SessionID=114&GA=104
Text	https://www.ilga.gov/Legislation/BillStatus/FullText?LegDocId=208394&DocName=10400HB5314&DocNum=5314&DocTypeID=HB&LegID=167048&GAID=18&SessionID=114&SpecSess=&Session=