HB 5045 Illinois House · 104th Regular Session

NON-PROFIT INVESTMENT POOL

Summary

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.

Bill status passed 3 of 5 stages cleared

Introduction

Apr 2026

Committee Review

May 2026

House Passage

Apr 2026

Senate Passage

Governor

Introduced Apr 21, 2026 Last action May 15, 2026

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Engrossed · 3 edits · Apr 16, 2026

MINOR

The bill was amended to significantly expand eligibility criteria for the non-profit investment pool. The changes replace a single requirement for audited financial statements with a comprehensive list of compliance checks, including federal exclusion lists, state debarment records, and specific mission-related purposes. Additionally, the text was reorganized to clarify that interest earnings are distributed monthly to all participating corporations.

Scope change

The scope of the bill was expanded to include a broader range of eligible not-for-profit corporations by adding specific eligibility criteria related to federal and state compliance lists and mission purposes.

ELIGIBILITY

Added a detailed list of seven eligibility requirements, including checks against federal SAM exclusion lists, state procurement suspensions, labor debarment lists, and specific mission purposes such as legal aid, veteran services, and affordable housing.

Replaced the original requirement for audited financial statements with a new requirement that corporations must be domiciled in Illinois.

REQUIREMENT

Reorganized the text to clarify that interest earnings from the investment pool are credited or paid monthly to all participating not-for-profit corporations.

Floor votes · House Apr 16, 2026

How they voted

67–32

Passed · 17 other

Total votes 116

Apr 16, 2026

D Democratic76

67 Yea 9

88% Yea

R Republican40

32 Nay 8

80% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 15, 2026

Committee

Rule 3-9(a) / Re-referred to Assignments

upper

May 8, 2026

Upper · Passed

Rule 2-10 Committee Deadline Established As May 15, 2026

upper

Apr 28, 2026

Committee

Assigned to Executive

upper

Apr 22, 2026

Committee

Referred to Assignments

upper

Apr 21, 2026

Introduced

Arrive in Senate

upper

Apr 16, 2026

Lower · Passed

Third Reading - Standard Debate - Passed 069-032-001

lower

Apr 16, 2026

Lower · Passed

House Floor Amendment No. 2 Adopted

lower

Apr 16, 2026

Lower · Passed

House Floor Amendment No. 2 Recommends Be Adopted Executive Committee; 011-000-000

lower

Apr 8, 2026

Lower · Passed

House Floor Amendment No. 2 Rules Refers to Executive Committee

lower

Apr 7, 2026

Committee

House Floor Amendment No. 2 Referred to Rules Committee

lower

Apr 7, 2026

Introduced

House Floor Amendment No. 2 Filed with Clerk by Rep. Rita Mayfield

lower

Mar 25, 2026

Amended

House Committee Amendment No. 1 Tabled

lower

Mar 25, 2026

Lower · Passed

Do Pass / Short Debate Executive Committee; 011-000-000

lower

Mar 25, 2026

Lower · Passed

House Committee Amendment No. 1 Rules Refers to Executive Committee

lower

Mar 24, 2026

Committee

House Committee Amendment No. 1 Referred to Rules Committee

lower

Mar 24, 2026

Introduced

House Committee Amendment No. 1 Filed with Clerk by Rep. Rita Mayfield

lower

Mar 18, 2026

Committee

Assigned to Executive Committee

lower

Feb 10, 2026

Committee

Referred to Rules Committee

lower

1 primary · 11 co-sponsors