Illinois SB 246: PUBLIC WATER DISTRICT TRUSTEES

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 Illinois General Assembly - Full Text of SB0246 

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 Full Text of SB0246

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 SB0246 - 104th General Assembly 

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 Senate Amendment 001 

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 Senate Amendment 001 

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August 
15, 2025

To 
the Honorable Members of

The 
Illinois Senate,

104th 
General Assembly:

Today, I 
veto Senate Bill 246 of the 104th General Assembly. The bill is 
designed to allow the State Treasurer to create a non-profit investment pool 
and an electronic payment processing program to benefit 501(c)(3) and 501(c)(5) 
organizations. Non-profit organizations would be able to deposit funds with the 
Treasurer and potentially benefit from the Treasurer's higher investment 
returns.

The 
Treasurer’s work to support Illinoisans by addressing the financial needs of 
Illinois non-profits has always been commendable, and my administration highly 
values the critical work many non-profit organizations are doing throughout the 
State. This legislation is well intended to support the financial needs of 
Illinois non-profits, and it led community banks and credit unions to recognize 
there was a gap in services they have been offering. Because of the hard work 
of the Treasurer and advocates, these private financial institutions have 
created financial products to meet those needs. My administration is eager to assist 
in that effort. 

Though SB 
246 is well-intended and might benefit non-profits whose missions advance 
interests the state desires to promote, it would unfortunately also allow 
Illinois’ financial investments to be used to benefit fringe and extremist 
groups. I cannot sign a bill that unintentionally allows extremist groups to advance 
their hateful missions by exploiting state services and resources.

This is 
not an exercise in hypotheticals — hate groups are growing. Some of