IL SB3729

Amends the State Treasurer Act to expand the definition of "public agency" eligible to participate in the Public Treasurers' Investment Pool to include non-profit, tax-exempt organizations created by public agencies under Section 501(c)(3) of the Internal Revenue Code.

Allows associations established by one or more public agencies to participate in the Public Treasurers' Investment Pool if created to invest and manage public funds and further the mission of their founding public agencies.

State Treasurer must develop and publish an investment policy for managing funds in the Public Treasurers' Investment Pool, updated annually and distributed to all participants as part of the Auditor General's audit.

Requires the Treasurer to notify all pool participants in writing and publish in newspapers at least 30 calendar days before implementing any changes to the investment policy.

Takes effect immediately upon becoming law.