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HB 5304

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: February 10, 2026.

PUBLIC FUNDS-SECURITIES.

Bill ID IL-104-HB-5304
Session 104
Status in_committee
Committee Rules Committee
House of Representatives in_committee 2026-02-10
Business / Commerce
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
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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