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HB 5304

Illinois - Session 104

House of Representatives in_committee 2026-02-10
Bill Details

Title: PUBLIC FUNDS-SECURITIES

Summary

Amends the Public Funds Investment Act. Provides that a public agency may invest any 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) assigned by Standard & Poor's corporation, Moody's investors service, or other similar nationally recognized statistical rating organization. Effective immediately.

Sponsor
Justin Slaughter
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2026-02-10 Introduced Bill introduced
2026-02-10 Status in_committee
2026-02-10 Latest Action 2/10/2026 - House:
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