Bill Status of HB 2741   104th General Assembly


Short Description:  PUBLIC FUNDS-SECURITIES

House Sponsors
Rep. Travis Weaver-Eva-Dina Delgado-Martha Deuter and Daniel Didech

Last Action  View All Actions

DateChamber Action
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
30 ILCS 235/2from Ch. 85, par. 902

Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/5/2025HouseFiled with the Clerk by Rep. Travis Weaver
  2/6/2025HouseFirst Reading
  2/6/2025HouseReferred to Rules Committee
  3/4/2025HouseAssigned to Revenue & Finance Committee
  3/6/2025HouseTo Tax Policy: Finance Subcommittee
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee
  3/25/2025HouseAdded Chief Co-Sponsor Rep. Eva-Dina Delgado
  3/25/2025HouseAdded Co-Sponsor Rep. Daniel Didech
  4/10/2025HouseAdded Chief Co-Sponsor Rep. Martha Deuter

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