IL HB0164

Amends the Public Funds Investment Act to expand authorized investment options for municipalities, park districts, forest preserve districts, conservation districts, and counties.

Adds forest preserve districts, park districts, and conservation districts to the list of public agencies that may invest in interest-bearing bonds of other governmental entities rated within the 4 highest classifications by a nationally recognized rating service.

Authorizes community college districts to invest public funds in mutual funds focusing on corporate investment-grade bonds and global government short-term bonds, subject to board approval and portfolio percentage limitations.

Maintains existing restrictions on conflicts of interest for treasurers and financial officers, prohibiting them from having direct or indirect interests in authorized investments or receiving compensation related to those investments.

Allows the Illinois Housing Development Authority to invest in repurchase agreements under federal safety and soundness guidelines, with securities limited to direct U.S. obligations or obligations guaranteed by the United States Government.