SB2968 - 104th General Assembly (2025-2026)

NON-PROFIT INVESTMENT POOL
Last Action
3/25/2026 - Senate: Placed on Calendar Order of 2nd Reading March 26, 2026
Statutes Amended In Order of Appearance
15 ILCS 505/17.2 new  
Synopsis As Introduced
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.

Senate Committee Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes. Provides that, in order to be eligible to participate in the non-profit investment pool, a not-for-profit corporation shall: (1) not be on the federal system for award management (SAM) exclusion list; (2) not be on the Chief Procurement Officer's suspensions, debarments, voluntary exclusions, and voluntary non-participation agreements list; (3) not be on the Department of Labor's debarred contractors list; (4) not be on the Illinois Stop Payment List established under the Grant Accountability and Transparency Act; and (5) be an organization with a purpose specified in the provision.
Actions
DateChamberAction
1/27/2026SenateFiled with Secretary by Sen. Adriane Johnson
1/27/2026SenateFirst Reading
1/27/2026SenateReferred to Assignments
2/03/2026SenateAssigned to Executive
3/13/2026SenateRule 2-10 Committee Deadline Established As March 27, 2026
3/23/2026SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Adriane Johnson
3/23/2026SenateSenate Committee Amendment No. 1 Referred to Assignments
3/24/2026SenateSenate Committee Amendment No. 1 Assignments Refers to Executive
3/25/2026SenateSenate Committee Amendment No. 1 Adopted
3/25/2026SenateDo Pass as Amended Executive; 010-003-000
3/25/2026SenatePlaced on Calendar Order of 2nd Reading March 26, 2026
3/26/2026SenateAdded as Co-Sponsor Sen. Laura M. Murphy