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IL SB3691
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Sally Turner
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 securities that mature or can be tendered for purchase within 7 years of acquisition
- Requires securities to hold the highest rating category (AAA) from Standard & Poor's, Moody's, or other nationally recognized statistical rating organizations
- Takes effect immediately upon becoming law
Legislative Description
PUBLIC FUNDS-SECURITIES
Last Action
Added as Co-Sponsor Sen. Seth Lewis
3/4/2026
Committee Referrals
Assignments2/5/2026
Full Bill Text
No bill text available