PUBLIC FUNDS-SECURITIES
- Introduced Feb 5, 2025
- In committee Feb 6, 2025
- Passed the House Next
- Passed the Senate
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
Amends the Public Funds Investment Act. Permits public agencies to invest public funds in any security that matures or that may be tendered for purchase at the option of the holder within not more than 7 years of the date on which it is acquired and that has the highest rating category (AAA) or the second highest rating category (AA) assigned by Standard & Poor's Corporation, Moody's Investors' Services, or other similar nationally recognized statistical rating organization. Effective immediately.
Every action
11 steps, oldest first, as the legislature records them.
- HouseFiled with the Clerk by Rep. Travis Weaver
- HouseFirst Reading
- CommitteeReferred to Rules Committee · House Rules
- CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
- CommitteeTo Tax Policy: Finance Subcommittee · House Tax Policy: Finance Subcommittee
- CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
- HouseAdded Chief Co-Sponsor Rep. Eva-Dina Delgado
- HouseAdded Co-Sponsor Rep. Daniel Didech
- HouseAdded Chief Co-Sponsor Rep. Martha Deuter
- HouseAdded Co-Sponsor Rep. Robert "Bob" Rita
- HouseRemoved Co-Sponsor Rep. Robert "Bob" Rita
Roll calls
No recorded votes on this bill yet.
Sponsors
The member who introduced it, joined by 3 cosponsors: 3 Democrats.
-
Travis WeaverR Primary sponsor · District 93
All 3 cosponsors
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.