Passed One ChamberFiled Feb 4, 2026
Sponsor: Rita Mayfield (D)
Latest Action
Rule 3-9(a) / Re-referred to Assignments
May 15, 2026
Summary
HB 5045 lets the Illinois State Treasurer set up a non‑profit investment pool and an electronic payment system. Eligible charities can deposit money, which the Treasurer will invest using the same rules that apply to state funds, and the net earnings are returned to the participating nonprofits. The bill also requires a surety bond to protect the nonprofits’ contributions.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
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