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HB5045 • 2026
NON-PROFIT INVESTMENT POOL
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
NON-PROFIT INVESTMENT POOL
These notes stay tied to the official amendment files and metadata from the legislature.
Plain English: Illinois General Assembly - Full Text of HB5045 Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience.
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee Deadline Established As May 15, 2026
Postponed - Executive
Assigned to Executive
Chief Senate Sponsor Sen. Adriane Johnson
First Reading
Referred to Assignments
Arrive in Senate
Placed on Calendar Order of First Reading April 28, 2026
Added Co-Sponsor Rep. Kimberly Du Buclet
House Floor Amendment No. 2 Recommends Be Adopted Executive Committee ; 011-000-000
House Floor Amendment No. 2 Adopted
Placed on Calendar Order of 3rd Reading - Short Debate
Chair Rules Standard Debate
Placed on Calendar Order of 3rd Reading - Standard Debate
Third Reading - Standard Debate - Passed 069-032-001
Added Co-Sponsor Rep. Camille Y. Lilly
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
House Floor Amendment No. 2 Rules Refers to Executive Committee
Added Co-Sponsor Rep. Theresa Mah
Added Co-Sponsor Rep. Yolonda Morris
Added Co-Sponsor Rep. Lisa Davis
Added Co-Sponsor Rep. Debbie Meyers-Martin
Added Co-Sponsor Rep. Maura Hirschauer
Added Chief Co-Sponsor Rep. Diane Blair-Sherlock
Added Chief Co-Sponsor Rep. Barbara Hernandez
Added Chief Co-Sponsor Rep. Ann M. Williams
Added Chief Co-Sponsor Rep. Justin Slaughter
House Floor Amendment No. 2 Filed with Clerk by Rep. Rita Mayfield
House Floor Amendment No. 2 Referred to Rules Committee
House Committee Amendment No. 1 Rules Refers to Executive Committee
Do Pass / Short Debate Executive Committee ; 011-000-000
House Committee Amendment No. 1 Tabled
Placed on Calendar 2nd Reading - Short Debate
House Committee Amendment No. 1 Filed with Clerk by Rep. Rita Mayfield
House Committee Amendment No. 1 Referred to Rules Committee
Assigned to Executive Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Rita Mayfield
NON-PROFIT INVESTMENT POOL
Illinois General Assembly - Full Text of HB5045 Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. 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Full Text of HB5045 Home Legislation Full Text HB5045 - 104th General Assembly Bill Status Full Text Votes Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Engrossed House Amendment 001 House Amendment 002 Printer Friendly Version Introduced Engrossed House Amendment 001 House Amendment 002 Open PDF HB5045 Engrossed LRB104 20585 SPS 34075 b 1 AN ACT concerning State government. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The State Treasurer Act is amended by adding 5 Section 17.2 as follows: 6 (15 ILCS 505/17.2 new) 7 Sec. 17.2. Non-profit investment pool. 8 (a) The State Treasurer may establish and administer a 9 non-profit investment pool and an electronic payment 10 processing program to supplement and enhance investment 11 opportunities and secure electronic payment options otherwise 12 available to not-for-profit corporations in this State. 13 (b) The Treasurer may receive funds paid into the 14 non-profit investment pool by a not-for-profit corporation 15 that is exempt from taxation under Section 501(c)(3), 16 501(c)(4), 501(c)(5), or 501(c)(6) of the Internal Revenue 17 Code for the purpose of holding and investing those funds. In 18 order to be eligible to participate in the non-profit 19 investment pool, the not-for-profit corporation shall: 20 (1) provide the Treasurer with a copy of the most 21 recent audited financial statement or charitable 22 organization annual report filed with the Attorney 23 General; HB5045 Engrossed - 2 - LRB104 20585 SPS 34075 b 1 (2) be domiciled in Illinois; 2 (3) not be on the federal system for award management 3 (SAM) exclusion list; 4 (4) not be on the Chief Procurement Officer's 5 suspensions, debarments, voluntary exclusions, and 6 voluntary non-participation agreements list; 7 (5) not be on the Department of Labor's debarred 8 contractors list; 9 (6) not be on the Illinois Stop Payment List 10 established under the Grant Accountability and 11 Transparency Act; and 12 (7) be at least one of the following: 13 (A) a Medicaid certified provider that is not on 14 the Department of Healthcare and Family Services' 15 provider sanctions list; 16 (B) an organization that held certification under 17 the Grant Accountability and Transparency Act at any 18 time within the previous 8 years prior to the 19 transmittal of funds to the Treasurer or is a current 20 grantee or subgrantee of the State; 21 (C) a labor organization registered with the 22 United States Department of Labor; or 23 (D) an organization whose mission involves a 24 purpose or cause related to one of the following: 25 (i) legal aid services for people with low 26 incomes; HB5045 Engrossed - 3 - LRB104 20585 SPS 34075 b 1 (ii) services for military veterans; 2 (iii) scientific and medical research; 3 (iv) neighborhood and community development; 4 (v) affordable housing or housing assistance; 5 (vi) public pre-kindergarten through grade 12, 6 public career and technical education, or public 7 higher education access and scholarships; 8 (vii) publicly funded libraries, publicly 9 funded museums, or public broadcasting; 10 (viii) support for firefighting and EMS 11 services; 12 (ix) emergency assistance and disaster relief; 13 (x) food banks and food pantries; 14 (xi) environmental protection and 15 preservation; 16 (xii) animal shelters, humane societies, or 17 anti-animal cruelty societies; 18 (xiii) cultural and performing arts; 19 (xiv) job training, employment placement, or 20 other employment-related community-based 21 services; 22 (xv) services for victims of domestic 23 violence; or 24 (xvi) services for seniors and people with 25 disabilities. 26 (c) The Treasurer may invest the funds constituting the HB5045 Engrossed - 4 - LRB104 20585 SPS 34075 b 1 non-profit investment pool in the same manner, in the same 2 types of investments, and subject to the same limitations 3 provided for the investment of funds in the State Treasury. 4 The Treasurer shall develop, publish, and implement an 5 investment policy covering the management of funds in the 6 non-profit investment pool. The policy shall be published each 7 year as part of the audit of the non-profit investment pool by 8 the Auditor General, and shall be distributed to all 9 participants. The Treasurer shall notify all non-profit 10 investment pool participants in writing, and the Treasurer 11 shall publish in at least one newspaper of general circulation 12 in both Springfield and Chicago any changes to a previously 13 published investment policy at least 30 calendar days before 14 implementing the policy. Any investment policy adopted by the 15 Treasurer shall be reviewed, and updated if necessary, within 16 90 days after the installation of a new Treasurer. 17 (d) The Treasurer shall adopt rules for the efficient 18 administration of the non-profit investment pool, including 19 the minimum amounts that may be deposited in the non-profit 20 investment pool and the minimum period of time that deposits 21 shall be retained in the non-profit investment pool. The rules 22 shall provide for the administrative expenses of the 23 non-profit investment pool to be paid from its earnings and 24 for the interest earnings in excess of such expenses to be 25 credited or paid monthly to the not-for-profit corporations 26 participating in the non-profit investment pool in a manner HB5045 Engrossed - 5 - LRB104 20585 SPS 34075 b 1 which equitably reflects the differing amounts of their 2 respective investments in the non-profit investment pool and 3 the differing periods of time for which the amounts were in the 4 custody of the non-profit investment pool. 5 (e) Upon creating a non-profit investment pool, the State 6 Treasurer shall give bond with 2 or more sufficient sureties, 7 payable to not-for-profit corporations that participate in the 8 non-profit investment pool for the benefit of the 9 not-for-profit corporations that have funds that are paid into 10 the non-profit investment pool for investment, in the penal 11 sum of $150,000, conditioned for the faithful discharge of the 12 State Treasurer's duties in relation to the non-profit 13 investment pool. 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