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Amends the Public Funds Investment Act. Permits public agencies to invest 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) or the second highest rating category (AA) assigned by Standard & Poor's Corporation, Moody's Investors' Services, or other similar nationally recognized statistical rating organization. Effective immediately.
Introduced
Feb 6, 2025
Last Action
Apr 10, 2025
Session
IL 104th
Sponsors
1 primary · 3 co
Added Chief Co-Sponsor Rep. Martha Deuter
Added Co-Sponsor Rep. Daniel Didech
Added Chief Co-Sponsor Rep. Eva-Dina Delgado
Rule 19(a) / Re-referred to Rules Committee
To Tax Policy: Finance Subcommittee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Travis Weaver
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Added Chief Co-Sponsor Rep. Martha Deuter