SB 246 Illinois Senate · 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 vetoed 4 of 5 stages cleared

Introduction

Apr 2025

Committee Review

Apr 2025

Senate Passage

May 2025

House Passage

May 2025

Vetoed

Oct 2025

Introduced Apr 4, 2025 Vetoed Oct 29, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

Engrossed → Enrolled · 1 edit

MINOR

The bill transitioned from its 'Engrossed' version to the final 'Enrolled' version, which is the official text signed into law. The primary change involves updating the page headers and footers to reflect this final status, while the substantive text of the bill regarding non-profit investment pools and charitable organization reports remains unchanged.

TECHNICAL

Updated document headers and page numbers to change the status from 'Engrossed' to 'Enrolled', indicating the bill has been finalized and approved for signing.

Floor votes · Senate Apr 4, 2025 · House May 28, 2025

How they voted

32–17

Passed · 9 other

Total votes 58

Apr 4, 2025

D Democratic39

31 Yea 1 Nay 7

79% Yea

R Republican19

1 Yea 16 Nay 2

84% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Oct 29, 2025

Vetoed

Total Veto Stands

upper

Oct 14, 2025

Vetoed

Placed Calendar Total Veto October 15, 2025

upper

Aug 15, 2025

Vetoed

Governor Vetoed

upper

May 28, 2025

Upper · Passed

Passed Both Houses

upper

May 28, 2025

Lower · Passed

Third Reading - Short Debate - Passed 073-039-000

lower

Apr 30, 2025

Lower · Passed

Do Pass / Short Debate State Government Administration Committee; 005-003-000

lower

Apr 17, 2025

Committee

Assigned to State Government Administration Committee

lower

Apr 7, 2025

Committee

Referred to Rules Committee

lower

Apr 4, 2025

Introduced

Arrived in House

lower

Apr 4, 2025

Upper · Passed

Third Reading - Passed; 033-017-000

upper

Apr 3, 2025

Upper · Passed

Senate Floor Amendment No. 1 Adopted; Johnson

upper

Mar 19, 2025

Introduced

Senate Floor Amendment No. 1 Recommend Do Adopt State Government; 009-000-000

upper

Mar 19, 2025

Introduced

Senate Floor Amendment No. 1 Assignments Refers to State Government

upper

Mar 18, 2025

Committee

Senate Floor Amendment No. 1 Referred to Assignments

upper

Mar 18, 2025

Introduced

Senate Floor Amendment No. 1 Filed with Secretary by Sen. Adriane L. Johnson

upper

Mar 6, 2025

Upper · Passed

Do Pass State Government; 010-000-000

upper

Feb 4, 2025

Committee

Assigned to State Government

upper

Jan 22, 2025

Committee

Referred to Assignments

upper

1 primary · 55 co-sponsors