HB5304 - 104th General Assembly (2025-2026)

PUBLIC FUNDS-SECURITIES
Last Action
2/10/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Justin Slaughter
Statutes Amended In Order of Appearance
30 ILCS 235/2  from Ch. 85, par. 902
Synopsis As Introduced
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 & Poor's corporation, Moody's investors service, or other similar nationally recognized statistical rating organization. Effective immediately.
Actions
DateChamberAction
2/05/2026HouseFiled with the Clerk by Rep. Justin Slaughter
2/10/2026HouseFirst Reading
2/10/2026HouseReferred to Rules Committee