Amends the State Treasurer Act. Provides that the State Treasurer may establish and administer a non-profit investment pool to supplement and enhance investment opportunities 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. Makes changes to provisions concerning the direct deposit of State payments. Amends the Accountability for the Investment of Public Funds Act. Provides that the Treasurer shall adopt rules for the efficient administration of the pool. Provides that each State agency shall make available on the Internet, and update at least monthly, no later than the end of each month (rather than by the 15th of the month), sufficient information concerning the investment of any public funds held by that State agency to identify specified information. Effective immediately.
Sponsored bills
Maddy summaryThis bill is a memorial resolution honoring Officer Luis M. Huesca, a Chicago Police Department officer who was killed in the line of duty in April 2024. The text formally expresses the sadness of the Illinois House of Representatives regarding his death and extends condolences to his family, friends, and community. It also directs that a copy of the resolution be given to the Huesca family as a gesture of sympathy. This legislative action serves to acknowledge his service and sacrifice rather than to change laws or policies.
Designates the portion of Interstate Route 80 of the National System of Interstate and Defense Highways within the State of Illinois, from mile marker 26 to mile marker 51, as the "U.S. Marine Corps Highway Semper Fidelis".
Declares October of 2024 as Domestic Violence Awareness Month and supports and commends the efforts of the people and organizations who work tirelessly to help victims break free of the devastating effects of domestic abuse.
Commends the women in trades who are breaking down barriers, demonstrating exceptional skill and dedication, and serving as role models for others. Encourages ongoing efforts to support tradeswomen, including future events, educational programs, and initiatives that promote equal opportunities in union construction trades. Expresses support for skilled trades and the need for a diverse and inclusive workforce to meet the demands of a growing economy. Encourages collaboration among businesses, labor organizations, and educational institutions to create pathways for women to enter and thrive in trades. Congratulates the organizers, sponsors, and participants of the Tradeswomen Take Over Springfield event for their efforts and contributions in making the event a success.
Amends the Illinois Pension Code. In the General Provisions Article, provides that beginning on January 1, 2024, the annual earnings, salary, or wages of a Tier 2 participant under the Cook County Article shall track with the Social Security wage base (rather than shall not exceed $106,800, adjusted annually). Makes conforming changes in the Cook County Article and provides that the county's contribution shall be paid through a tax levy and any other lawfully available funds. Provides that beginning on January 1, 2025, the Fund shall not use contributions received by the Fund for subsidy for an annuitant health care program. Deletes a restrictive date in a provision concerning establishing credit for military service. Beginning on December 1, 2023, provides that the president of the county shall appoint 2 additional members to the board of trustees. Requires the retirement board to retain an actuary who is a member in good standing of the American Academy of Actuaries to produce an annual actuarial report of the Fund and provides criteria for the report. Provides that the annual audit required of the Fund may include the preparation of the annual actuarial report. Provides that the annual report submitted to the county board shall include the annual actuarial report. Requires that the minimum required employer contribution shall be submitted annually by the county and provides the method of determining the minimum required employer contribution. Provides that the Fund shall (rather than may) pay for an annuitant health care program administered by the Fund (rather than any of the county's health care plans). Makes other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Declares the month of May 2024 as Motorcycle Awareness Month in the State of Illinois. Recognizes the 37 years of A Brotherhood Aimed Toward Education (ABATE) of Illinois, Inc., the more than 589,510 registered motorcyclists statewide, and the continued role that Illinois serves as a leader in motorcycle safety, education, and awareness.
Maddy summaryThis bill designates a specific section of Route 31 in Batavia as the "SSG Robert D. Herreid Memorial Highway" to honor Staff Sergeant Robert Dale Herreid, a U.S. Army soldier who died in Vietnam in 1968. The legislation requires the Illinois Department of Transportation to install signs marking the road with this new name and to send copies of the resolution to the soldier's family and local officials. It does not change any laws or funding but serves as a formal tribute to Herreid's service and sacrifice by renaming a local roadway in his memory.
Maddy summaryThis bill designates a specific stretch of Route 25 in Aurora, running from Sullivan Road to Ashland Avenue, as the "SFC Ogden N. Thompson Memorial Highway" to honor a local soldier. The legislation directly affects the Illinois Department of Transportation, which is asked to install signs or plaques at appropriate locations to display the new name. It also requires that copies of the resolution be given to the family of the late Sergeant First Class Ogden N. Thompson, the Aurora Mayor, and the Secretary of Transportation. The bill serves as a commemorative measure recognizing Thompson's service and presumed death during the Korean War.
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir" to provide that a decedent's brother, sister, uncle, aunt, niece, nephew, or first cousin is also included.