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IL HB5033

Bill

Official Source

Status

Introduced

2/4/2026

Primary Sponsor

Marcus Evans

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Authorizes the Illinois State Treasurer to invest State funds in private placement fixed income securities exempt from SEC registration requirements
  • Limits eligible issuers to those with a significant presence in Illinois and assets exceeding $1 billion
  • Restricts purchases to no more than 5% of the issuer's total assets
  • Caps investment in private placement fixed income securities at 1% of the public agency's total funds
  • Prohibits investment in issuers on the Illinois Investment Policy Board's restricted companies list

Legislative Description

STATE PERMITTED INVESTMENTS

Last Action

Assigned to Revenue & Finance Committee

2/24/2026

Committee Referrals

Revenue & Finance2/24/2026
Rules2/10/2026

Full Bill Text

No bill text available