HB1437 - 104th General Assembly (2025-2026)

NON-PROFIT INVESTMENT POOL
Last Action
11/21/2025 - House: Public Act . . . . . . . . . 104-0434
Statutes Amended In Order of Appearance
15 ILCS 505/17.2 new  
Synopsis As Introduced
Amends the State Treasurer Act. Provides that the State Treasurer may establish and administer a non-profit investment pool and an electronic payment processing program to supplement and enhance investment opportunities and secure electronic payment options 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. Provides that the Treasurer shall adopt rules for the efficient administration of the pool.

House Floor Amendment No. 1
Provides that not-for-profit corporations exempt from taxation under Section 501(c)(c) or 501(c)(5) of the Internal Revenue Code (rather than Section 501(c)(3), 501(c)(4), 501(c)(5), or 501(c)(6) of the Internal Revenue Code) are eligible to participate in the non-profit investment pool.

Senate Committee Amendment No. 1
Deletes reference to:
15 ILCS 505/17.2 new  
Adds reference to:
15 ILCS 505/0.01  from Ch. 130, par. 0.01
Replaces everything after the enacting clause. Amends the State Treasurer Act. Makes a technical change in a Section concerning the short title.

Senate Floor Amendment No. 4
Deletes reference to:
15 ILCS 505/0.01  from Ch. 130, par. 0.01
Adds reference to:
10 ILCS 5/1-20.1  
20 ILCS 105/8.10  
20 ILCS 505/5.27  
20 ILCS 750/10  
20 ILCS 1605/21.4  
20 ILCS 1605/21.5  
20 ILCS 1605/21.8  
20 ILCS 2310/2310-542  
20 ILCS 3855/1-130  
20 ILCS 3960/3.6  
20 ILCS 4122/95  
20 ILCS 4126/30  
20 ILCS 4126/35  
20 ILCS 4134/20  
30 ILCS 500/1-15.93  
30 ILCS 500/30-30  
35 ILCS 5/221  
35 ILCS 5/231  
55 ILCS 5/3-5010.8  
55 ILCS 5/5-41065  
55 ILCS 5/5-43043  
70 ILCS 1235/20  
70 ILCS 1235/25  
5 ILCS 70/9  
10 ILCS 5/1-21.5 new  
10 ILCS 5/1-22  
720 ILCS 5/Art. 33G heading  
720 ILCS 5/33G-1  
720 ILCS 5/33G-2  
720 ILCS 5/33G-3  
720 ILCS 5/33G-4  
720 ILCS 5/33G-5  
720 ILCS 5/33G-6  
720 ILCS 5/33G-7  
720 ILCS 5/33G-8  
720 ILCS 5/33G-9  
720 ILCS 5/33G-10 new  
735 ILCS 30/25-5-104.5 new  
735 ILCS 30/25-5-105  
10 ILCS 5/10-6  from Ch. 46, par. 10-6
65 ILCS 5/3.1-10-50  
70 ILCS 805/3c-2  
70 ILCS 1205/2-10a  from Ch. 105, par. 2-10a
70 ILCS 1205/2-12a  from Ch. 105, par. 2-12a
70 ILCS 1205/2-25  from Ch. 105, par. 2-25
105 ILCS 5/3A-6  from Ch. 122, par. 3A-6
105 ILCS 5/34-4.1  
P.A. 104-17, Sec. 99  
70 ILCS 3615/4.01  from Ch. 111 2/3, par. 704.01
70 ILCS 3615/4.09  from Ch. 111 2/3, par. 704.09
Replaces everything after the enacting clause. Amends the Election Code, the Illinois Act on the Aging, the Children and Family Services Act, the Grocery Initiative Act, the Illinois Lottery Law, the Department of Public Health Powers and Duties Law of the Civil Administrative Code of Illinois, the Illinois Power Agency Act, the Illinois Health Facilities Planning Act, the Hydrogen Economy Act, the Community Land Trust Task Force Act, the Community-Based Corrections Task Force Act, the Illinois Procurement Code, the Illinois Income Tax Act, the Counties Code, and the Park Commissioners Land Sale Act. Extends various repeal and reporting dates and other provisions in those Acts, including provisions establishing a tax credit and a mechanics lien demand and referral pilot program and authorizing the sale of property in Rockford and Joliet. Amends the Statute on Statutes. Provides that, if a bill that changes or eliminates the stated repeal date of an Act or an Article or Section of an Act is passed by the General Assembly before or within 7 calendar days after the stated repeal date (rather than if a bill that changes or eliminates the stated repeal date of an Act or an Article or Section of an Act is presented to the Governor before the stated repeal date) and, after the stated repeal date, either the Governor approves the bill, the General Assembly overrides the Governor's veto of the bill, or the bill becomes law because it is not returned by the Governor within 60 calendar days after it is presented to the Governor, then the Act, Article, or Section shall be deemed to remain in full force and effect from the stated repeal date through the date the Governor approves the bill, the General Assembly overrides the Governor's veto of the bill, or the bill becomes law because it is not returned by the Governor within 60 calendar days after it is presented to the Governor. Amends the Election Code. Provides for the continuation, validation, and re-enactment of provisions of the Code concerning the Illinois Elections and Infrastructure Integrity Task Force, which were inadvertently repealed June 1, 2025. Extends the repeal date of those provisions to July 1, 2027. Amends the Criminal Code of 2012. Provides for the continuation, validation, and re-enactment of provisions of the Code concerning the Illinois Street Gang and Racketeer Influenced and Corrupt Organizations Law, which were inadvertently repealed June 1, 2025. Extends the repeal date of those provisions to July 1, 2027. Amends the Eminent Domain Act. Provides for the continuation, validation, and re-enactment of provisions of the Act concerning the quick-take powers of Menard County, which were inadvertently repealed May 31, 2025. Extends the repeal date of those provisions to July 1, 2027. Amends the Election Code. Provides that, in the case of petitions for the office of multi-township assessor, petitions shall be filed with the election authority not more than 141 (currently, 113 days) nor less than 134 days before the consolidated election. Amends the Illinois Municipal Code to make conforming changes. Amends the Downstate Forest Preserve District Act to correct an error. Amends the Park District Code. Provides that, if a district board's membership has been expanded or reduced by referendum or resolution, the additional members will be elected not earlier than 225 days (rather than 197 days) after the referendum or resolution. Amends the School Code. In the Educational Service Regions Article of the School Code, provides that, when a vacancy occurs in the office of regional superintendent of schools and more than 28 months remain in the term and the vacancy occurs at least 130 days before the next general election, appointment to fill the vacancy shall be until the next general election (rather than if more than 28 months remain in that term, the appointment shall be until the next general election). Makes changes to the effective date of Public Act 104-17. Specifies that the amendatory changes to the Prevailing Wage Act made by Public Act 104-17 take effect July 1, 2026. Amends the Metropolitan Transit Authority Act. Provides that, due to the fiscal impacts of the COVID-19 pandemic, the aggregate of all projected fare revenues from specified fares and charges received in fiscal years 2021, 2022, 2023, 2024, 2025, and 2026 (rather than 2021, 2022, 2023, 2024, and 2025) may be less than 50% of the aggregate costs of providing public transportation in those fiscal years. Provides that, due to the fiscal impacts of the COVID-19 pandemic, the aggregate of all projected fare revenues from specified fares and charges received in fiscal years 2021, 2022, 2023, 2024, 2025, and 2026 (rather than 2021, 2022, 2023, 2024, and 2025) may be less than 10% of the aggregate costs of providing ADA paratransit services in those fiscal years. Makes other changes. Effective immediately.
Actions
DateChamberAction
1/17/2025HouseFiled with the Clerk by Rep. Rita Mayfield
1/28/2025HouseFirst Reading
1/28/2025HouseReferred to Rules Committee
2/18/2025HouseAssigned to State Government Administration Committee
2/27/2025HouseAdded Co-Sponsor Rep. Debbie Meyers-Martin
2/27/2025HouseAdded Co-Sponsor Rep. Suzanne M. Ness
3/04/2025HouseAdded Co-Sponsor Rep. Nicolle Grasse
3/05/2025HouseDo Pass / Short Debate State Government Administration Committee; 005-003-000
3/06/2025HousePlaced on Calendar 2nd Reading - Short Debate
3/06/2025HouseAdded Co-Sponsor Rep. Lisa Davis
3/11/2025HouseAdded Chief Co-Sponsor Rep. Justin Slaughter
3/11/2025HouseAdded Chief Co-Sponsor Rep. Barbara Hernandez
3/12/2025HouseAdded Co-Sponsor Rep. Yolonda Morris
3/13/2025HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr.
3/13/2025HouseAdded Co-Sponsor Rep. Maura Hirschauer
3/13/2025HouseAdded Co-Sponsor Rep. Sharon Chung
3/13/2025HouseAdded Co-Sponsor Rep. Sue Scherer
3/13/2025HouseAdded Co-Sponsor Rep. Dave Vella
3/13/2025HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr.
3/13/2025HouseAdded Co-Sponsor Rep. Dagmara Avelar
3/13/2025HouseAdded Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
3/13/2025HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Rita Mayfield
3/13/2025HouseHouse Floor Amendment No. 1 Referred to Rules Committee
3/18/2025HouseAdded Chief Co-Sponsor Rep. Diane Blair-Sherlock
3/18/2025HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
3/18/2025HouseAdded Co-Sponsor Rep. Edgar González, Jr.
3/18/2025HouseAdded Co-Sponsor Rep. La Shawn K. Ford
3/18/2025HouseAdded Co-Sponsor Rep. William "Will" Davis
3/18/2025HouseAdded Co-Sponsor Rep. Joyce Mason
3/18/2025HouseAdded Co-Sponsor Rep. Anna Moeller
3/18/2025HouseAdded Co-Sponsor Rep. Michelle Mussman
3/18/2025HouseAdded Co-Sponsor Rep. Kevin John Olickal
3/18/2025HouseAdded Co-Sponsor Rep. Aarón M. Ortíz
3/18/2025HouseAdded Co-Sponsor Rep. Anne Stava
3/18/2025HouseAdded Co-Sponsor Rep. Katie Stuart
3/18/2025HouseAdded Co-Sponsor Rep. Ann M. Williams
3/18/2025HouseHouse Floor Amendment No. 1 Rules Refers to State Government Administration Committee
3/26/2025HouseSecond Reading - Short Debate
3/26/2025HouseAdded Co-Sponsor Rep. Martha Deuter
3/26/2025HouseHeld on Calendar Order of Second Reading - Short Debate
3/27/2025HouseAdded Co-Sponsor Rep. Thaddeus Jones
4/07/2025HouseHouse Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 005-002-000
4/10/2025HouseHouse Floor Amendment No. 1 Adopted
4/10/2025HousePlaced on Calendar Order of 3rd Reading - Short Debate
4/10/2025HouseThird Reading - Short Debate - Passed 074-038-000
4/14/2025SenateArrive in Senate
4/14/2025SenatePlaced on Calendar Order of First Reading
4/14/2025SenateChief Senate Sponsor Sen. Adriane Johnson
4/14/2025SenateFirst Reading
4/14/2025SenateReferred to Assignments
5/08/2025SenateAssigned to Executive
5/08/2025SenateAlternate Chief Sponsor Changed to Sen. Don Harmon
5/09/2025SenateRule 2-10 Committee Deadline Established As May 23, 2025
5/13/2025SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
5/13/2025SenateSenate Committee Amendment No. 1 Referred to Assignments
5/14/2025SenateSenate Committee Amendment No. 1 Assignments Refers to Executive
5/14/2025SenateSenate Committee Amendment No. 1 Adopted
5/15/2025SenateDo Pass as Amended Executive; 009-004-000
5/15/2025SenateSecond Reading
5/15/2025SenatePlaced on Calendar Order of 3rd Reading May 20, 2025
5/23/2025SenateRule 2-10 Third Reading/Passage Deadline Established As June 1, 2025
6/02/2025SenateRule 3-9(a) / Re-referred to Assignments
10/14/2025SenateApproved for Consideration Assignments
10/14/2025SenatePlaced on Calendar Order of 3rd Reading October 15, 2025
10/28/2025SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Bill Cunningham
10/28/2025SenateSenate Floor Amendment No. 2 Referred to Assignments
10/28/2025SenateAlternate Chief Sponsor Changed to Sen. Bill Cunningham
10/28/2025SenateSenate Floor Amendment No. 2 Be Approved for Consideration Assignments
10/29/2025SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Bill Cunningham
10/29/2025SenateSenate Floor Amendment No. 3 Referred to Assignments
10/29/2025SenateSenate Floor Amendment No. 3 Be Approved for Consideration Assignments
10/30/2025SenateSenate Floor Amendment No. 4 Filed with Secretary by Sen. Bill Cunningham
10/30/2025SenateSenate Floor Amendment No. 4 Referred to Assignments
10/30/2025SenateAdded as Alternate Chief Co-Sponsor Sen. Mattie Hunter
10/30/2025SenateSenate Floor Amendment No. 4 Be Approved for Consideration Assignments
10/30/2025SenateRecalled to Second Reading
10/30/2025SenateSenate Floor Amendment No. 2 Withdrawn by Sen. Bill Cunningham
10/30/2025SenateSenate Floor Amendment No. 3 Withdrawn by Sen. Bill Cunningham
10/30/2025SenateSenate Floor Amendment No. 4 Adopted; Cunningham
10/30/2025SenatePlaced on Calendar Order of 3rd Reading
10/30/2025Senate3/5 Vote Required
10/30/2025SenateThird Reading - Passed; 041-016-000
10/30/2025HouseChief Sponsor Changed to Rep. Bob Morgan
10/30/2025HouseArrived in House
10/30/2025HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1, 4
10/30/2025HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Bob Morgan
10/30/2025HouseSenate Floor Amendment No. 4 Motion Filed Concur Rep. Bob Morgan
10/30/2025HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
10/30/2025HouseSenate Floor Amendment No. 4 Motion to Concur Referred to Rules Committee
10/30/2025HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000
10/30/2025HouseSenate Floor Amendment No. 4 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000
10/31/2025House3/5 Vote Required
10/31/2025HouseSenate Committee Amendment No. 1 House Concurs 074-026-000
10/31/2025HouseSenate Floor Amendment No. 4 House Concurs 074-026-000
10/31/2025HouseHouse Concurs
10/31/2025HousePassed Both Houses
11/20/2025HouseSent to the Governor
11/21/2025HouseGovernor Approved
11/21/2025HouseEffective Date November 21, 2025
11/21/2025HousePublic Act . . . . . . . . . 104-0434