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<xml>
<title>Illinois General Assembly - Bill Status for HB 5304</title>
<shortdesc>PUBLIC FUNDS-SECURITIES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Justin Slaughter, Michael J. Coffey, Jr., Laura Faver Dias and Michelle Mussman</sponsors>
</sponsor>
<lastaction>
<statusdate>2/10/2026</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 235/2</reference><aliasreference>from Ch. 85, par. 902</aliasreference><SynopsisText>     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 &amp; Poor's corporation, Moody's investors service, or other similar nationally recognized statistical rating organization. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/5/2026</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Justin Slaughter</action>
<statusdate>2/10/2026</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/10/2026</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/27/2026</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michael J. Coffey, Jr.</action>
<statusdate>2/27/2026</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Laura Faver Dias</action>
<statusdate>3/6/2026</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michelle Mussman</action>
</actions>
</xml>
