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IL SB3086
Bill
Status
Introduced
1/29/2026
Primary Sponsor
Ram Villivalam
Click for details
AI Summary
- Authorizes the State Treasurer to invest State funds in private placement fixed income securities exempt from SEC registration requirements
- Limits investments to issuers with a significant presence in Illinois and assets exceeding $1 billion
- Restricts purchases to no more than 5% of the issuer's total assets and no more than 1% of the public agency's funds
- Prohibits investment in issuers placed on the Illinois Investment Policy Board's restricted companies list
- Takes effect immediately upon becoming law
Legislative Description
STATE PERMITTED INVESTMENTS
Last Action
Rule 2-10 Committee Deadline Established As March 27, 2026
3/13/2026
Committee Referrals
State Government3/11/2026
Assignments3/10/2026
State Government3/10/2026
Assignments1/29/2026
Full Bill Text
No bill text available