Illinois · House Bill 2741 · 104th General Assembly

PUBLIC FUNDS-SECURITIES

  1. Introduced Feb 5, 2025
  2. In committee Feb 6, 2025
  3. Passed the House Next
  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 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.

  1. HouseFiled with the Clerk by Rep. Travis Weaver
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
  5. CommitteeTo Tax Policy: Finance Subcommittee · House Tax Policy: Finance Subcommittee
  6. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
  7. HouseAdded Chief Co-Sponsor Rep. Eva-Dina Delgado
  8. HouseAdded Co-Sponsor Rep. Daniel Didech
  9. HouseAdded Chief Co-Sponsor Rep. Martha Deuter
  10. HouseAdded Co-Sponsor Rep. Robert "Bob" Rita
  11. 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.

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.