Illinois HB 5759: $LIG-FISCAL YEAR EXPENSES

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB5759

Introduced 5/5/2026, by Rep. Kimberly Du Buclet 

SYNOPSIS AS INTRODUCED:

15 ILCS 505/16.11 new

 Amends the State Treasurer Act. Establishes the Illinois Baby Bond Trust. Provides that the State Treasurer shall be responsible for the receipt, maintenance, administration, investing, and disbursements of moneys from the trust. Sets forth additional provisions concerning the deposit and distribution of moneys in the trust. Provides that, upon the birth of a designated beneficiary, the State Treasurer shall transfer $5,000 from the General Revenue Fund to the trust to be credited toward the accounting of the designated beneficiary. Provides that, upon a designated beneficiary's eighteenth birthday, if the beneficiary is a resident of the State, the beneficiary shall become eligible to receive the total sum of the accounting to be used for a qualified expense. Defines "qualified expense" as an expenditure associated with: (i) education of a designated beneficiary; (ii) ownership of a home by a designated beneficiary; (iii) ownership of a business by a designated beneficiary; or (iv) any investment in financial assets or personal capital that provides long-term gains to wages or wealth. Effective January 1, 2029.

LRB104 21565 SPS 36978 b

A BILL FOR

HB5759LRB104 21565 SPS 36978 b

1 AN ACT concerning State government.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The State Treasurer Act is amended by adding 

5Section 16.11 as follows:

6 (15 ILCS 505/16.11 new)

7 Sec. 16.11. Illinois Baby Bond Trust.

8 (a) As used in this Section:

9 "Designated beneficiary" means an individual born on or 

10after July