IL HB5746

Allows the State Treasurer to satisfy the monthly reporting requirement by posting the report on the Treasurer's official Internet website instead of only maintaining a physical copy for public inspection.

Removes the "at a price not to exceed par" restriction, allowing the Treasurer to invest in bonds issued by counties or municipal corporations of Illinois at prices above par value.

Expands corporate investment eligibility from "short-term obligations" to "obligations" with maturity extended from 270 days to 5 years, for corporations or limited liability companies with assets exceeding $500,000,000 that have a significant presence in Illinois.

Maintains existing investment requirements including that corporate obligations must be rated in one of the 3 highest classifications by at least 2 rating services and cannot exceed 10% of the corporation's outstanding obligations.

Takes effect immediately upon becoming law.