Illinois legislation · 104th General Assembly
Illinois SB2968: NON-PROFIT INVESTMENT POOL
Status: Signed into law, July 10, 2026
Amends the State Treasurer Act. Provides that the State Treasurer may establish and administer a non-profit investment pool and an electronic payment processing program to supplement and enhance investment opportunities and secure electronic payment options otherwise available to not-for-profit corporations in the State. Provides that the Treasurer may receive funds paid into the pool for the purpose of holding and investing those funds. Provides for surety bonds payable to not-for-profit corporations who participate in the pool. Provides that the Treasurer shall adopt rules for the efficient administration of the pool.
What the bill says
A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB2968Introduced 1/27/2026, by Sen. Adriane JohnsonSYNOPSIS AS INTRODUCED: ILCS 505/17.2 new 15 ILCS 505/17.2 new ILCS 505/17.2 new Amends the State Treasurer Act. Provides that the State Treasurer mayestablish and administer a non-profit investment pool and an electronicpayment processing program to supplement and enhance investmentopportunities and secure electronic payment options otherwise available tonot-for-profit corporations in the State…
From the introduced text, January 27, 2026:
A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB2968Introduced 1/27/2026, by Sen. Adriane JohnsonSYNOPSIS AS INTRODUCED: ILCS 505/17.2 new 15 ILCS 505/17.2 new ILCS 505/17.2 new Amends the State Treasurer Act. Provides that the State Treasurer mayestablish and administer a non-profit investment pool and an electronicpayment processing program to supplement and enhance investmentopportunities and secure electronic payment options otherwise available tonot-for-profit corporations in the State. Provides that the Treasurer mayreceive funds paid into the pool for the purpose of holding and investingthose funds. Provides for surety bonds payable to not-for-profitcorporations who participate in the pool. Provides that the Treasurershall adopt rules for the efficient administration of the pool. LRB104 18491 SPS 31933 b LRB104 18491 SPS 31933 b LRB104 18491 SPS 31933 b A BILL FOR SB2968LRB104 18491 SPS 31933 b SB2968 LRB104 18491 SPS 31933 b SB2968 LRB104 18491 SPS 31933 b AN ACT concerning State government. Be it enacted by the People of the State of Illinois, represented in the General Assembly: Section 5.The State Treasurer Act is amended by adding Section 17.2 as follows: (15 ILCS 505/17.2 new) [ADDED: Sec. 17.2. ][ADDED: Non-profit investment pool.] [ADDED: (a) The State Treasurer may establish and administer a ] [ADDED: non-profit investment pool and an electronic payment ] [ADDED: processing program to supplement and enhance investment ] …