Illinois · House Bill 4908 · 103rd General Assembly

NON-PROFIT INVESTMENT POOL

HB 4908 Sponsored by Mark L. Walker Died in committee

  1. Introduced Feb 6, 2024
  2. In committee Feb 7, 2024
  3. Died  
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the State Treasurer Act. Provides that the State Treasurer may establish and administer a non-profit investment pool to supplement and enhance investment opportunities 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…

Read the full title (152 words)

Amends the State Treasurer Act. Provides that the State Treasurer may establish and administer a non-profit investment pool to supplement and enhance investment opportunities 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. Makes changes to provisions concerning the direct deposit of State payments. Amends the Accountability for the Investment of Public Funds Act. Provides that the Treasurer shall adopt rules for the efficient administration of the pool. Provides that each State agency shall make available on the Internet, and update at least monthly, no later than the end of each month (rather than by the 15th of the month), sufficient information concerning the investment of any public funds held by that State agency to identify specified information. Effective immediately.

Every action

16 steps, oldest first, as the legislature records them.

Show the 8 earlier steps
  1. HouseFiled with the Clerk by Rep. Mark L. Walker
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. CommitteeReferred to State Government Administration Committee · House State Government Administration
  5. HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker
  6. CommitteeHouse Committee Amendment No. 1 Referred to Rules Committee · House Rules
  7. CommitteeHouse Committee Amendment No. 1 Rules Refers to State Government Administration Committee · House State Government Administration
  8. CommitteeHouse Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote · House State Government Administration
  1. CommitteeDo Pass as Amended / Short Debate State Government Administration Committee; 006-003-000 · House State Government Administration
  2. HousePlaced on Calendar 2nd Reading - Short Debate
  3. HouseFiscal Note Requested by Rep. Ryan Spain
  4. HouseFiscal Note Filed
  5. HouseSecond Reading - Short Debate
  6. HouseHeld on Calendar Order of Second Reading - Short Debate
  7. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
  8. HouseSession Sine Die

Roll calls

1 recorded vote: 0 on the floor, 1 in committee. Each shows how every member voted.

Committee votes

DateWhereQuestionResult
Mar 13, 2024 House State Government Administration State Government Administration - Do Pass
Members

Yes · 6

No · 3

 Passed 6–3

Sponsors

The member who introduced it.

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.