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SB2968 - 104th General Assembly
NON-PROFIT INVESTMENT POOL
Last Action
Senate Sponsors
Sen. Adriane Johnson - Willie Preston - Lakesia Collins - Kimberly A. Lightford, Laura M. Murphy and Javier L. CervantesHouse Sponsors
(Rep. Rita Mayfield)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.
Senate Floor Amendment No. 2
Provides that the State Treasurer may receive funds paid into the non-profit investment pool by an organization whose mission involves a purpose or cause related to employment-related community-based services (rather than community-based services).
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/27/2026 | Senate | Filed with Secretary by Sen. Adriane Johnson |
| 1/27/2026 | Senate | First Reading |
| 1/27/2026 | Senate | Referred to Assignments |
| 2/03/2026 | Senate | Assigned to Executive |
| 3/13/2026 | Senate | Rule 2-10 Committee Deadline Established As March 27, 2026 |
| 3/23/2026 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Adriane Johnson |
| 3/23/2026 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 3/24/2026 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Executive |
| 3/25/2026 | Senate | Senate Committee Amendment No. 1 Adopted |
| 3/25/2026 | Senate | Do Pass as Amended Executive; 010-003-000 |
| 3/25/2026 | Senate | Placed on Calendar Order of 2nd Reading March 26, 2026 |
| 3/26/2026 | Senate | Added as Co-Sponsor Sen. Laura M. Murphy |
| 4/09/2026 | Senate | Senate Floor Amendment No. 2 Filed with Secretary by Sen. Adriane Johnson |
| 4/09/2026 | Senate | Senate Floor Amendment No. 2 Referred to Assignments |
| 4/14/2026 | Senate | Senate Floor Amendment No. 2 Assignments Refers to Executive |
| 4/14/2026 | Senate | Second Reading |
| 4/14/2026 | Senate | Placed on Calendar Order of 3rd Reading April 15, 2026 |
| 4/15/2026 | Senate | Senate Floor Amendment No. 2 Recommend Do Adopt Executive; 011-002-000 |
| 4/16/2026 | Senate | Recalled to Second Reading |
| 4/16/2026 | Senate | Senate Floor Amendment No. 2 Adopted; Johnson |
| 4/16/2026 | Senate | Placed on Calendar Order of 3rd Reading |
| 4/16/2026 | Senate | Third Reading - Passed; 041-016-000 |
| 4/16/2026 | Senate | Added as Chief Co-Sponsor Sen. Willie Preston |
| 4/16/2026 | Senate | Added as Chief Co-Sponsor Sen. Lakesia Collins |
| 4/16/2026 | Senate | Added as Co-Sponsor Sen. Javier L. Cervantes |
| 4/16/2026 | Senate | Added as Chief Co-Sponsor Sen. Kimberly A. Lightford |
| 4/17/2026 | House | Arrived in House |
| 4/17/2026 | House | Chief House Sponsor Rep. Rita Mayfield |