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IL HB5304
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Justin Slaughter
Click for details
AI Summary
- Amends the Public Funds Investment Act to add a new category of authorized investments for Illinois public agencies
- Permits investment in any security that matures or can be tendered for purchase within 7 years of acquisition
- Requires such securities to carry the highest rating category (AAA) from Standard & Poor's, Moody's, or another nationally recognized statistical rating organization
- Takes effect immediately upon becoming law
Legislative Description
PUBLIC FUNDS-SECURITIES
Last Action
Added Co-Sponsor Rep. Michelle Mussman
3/6/2026
Committee Referrals
Rules2/10/2026
Full Bill Text
No bill text available