Illinois legislation · 104th General Assembly
Illinois SB3086: STATE PERMITTED INVESTMENTS
Status: Signed into law, August 25, 2026
Amends the Deposit of State Moneys Act. Provides that the State Treasurer may invest or reinvest any State money in private placement fixed income securities that are exempt from the registration requirements of the Securities and Exchange Commission if specified conditions are satisfied. Effective immediately.
What the bill says
A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3086Introduced 1/29/2026, by Sen. Ram VillivalamSYNOPSIS AS INTRODUCED: ILCS 520/22.5from Ch. 130, par. 41a 15 ILCS 520/22.5 from Ch. 130, par. 41a ILCS 520/22.5 from Ch. 130, par. 41a Amends the Deposit of State Moneys Act. Provides that the StateTreasurer may invest or reinvest any State money in private placementfixed income securities that are exempt from the registration requirementsof the Securities and Exchange Commission if specified conditions aresatisfied. Effective immediately…
From the introduced text, January 29, 2026:
A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3086Introduced 1/29/2026, by Sen. Ram VillivalamSYNOPSIS AS INTRODUCED: ILCS 520/22.5from Ch. 130, par. 41a 15 ILCS 520/22.5 from Ch. 130, par. 41a ILCS 520/22.5 from Ch. 130, par. 41a Amends the Deposit of State Moneys Act. Provides that the StateTreasurer may invest or reinvest any State money in private placementfixed income securities that are exempt from the registration requirementsof the Securities and Exchange Commission if specified conditions aresatisfied. Effective immediately. LRB104 17721 SPS 31152 b LRB104 17721 SPS 31152 b LRB104 17721 SPS 31152 b A BILL FOR SB3086LRB104 17721 SPS 31152 b SB3086 LRB104 17721 SPS 31152 b SB3086 LRB104 17721 SPS 31152 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 Deposit of State Moneys Act is amended by changing Section 22.5 as follows: (15 ILCS 520/22.5)(from Ch. 130, par. 41a) (For force and effect of certain provisions, see Section 90 of P.A. 94-79) Sec. 22.5.Permitted investments.The State Treasurer may invest and reinvest any State money in the State Treasury which is not needed for current expenditures due or about to become due, in obligations of the United States government or its agencies or of National Mortgage Associations established by or under …