Illinois HB 5314: NON-PROFIT INVESTMENT POOL

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB5314

Introduced 2/10/2026, by Rep. Rita Mayfield 

SYNOPSIS AS INTRODUCED:

15 ILCS 505/17.2 new

 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.

LRB104 19465 SPS 32913 b

A BILL FOR

HB5314LRB104 19465 SPS 32913 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 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 

9non-profit investment pool and an electronic payment 

10processing program to supplement and enhance investment 

11opportunities and secure electronic payment options otherwise 

12available to not-for-profit corporations in this State.

13 (b) The Treasurer may receive funds paid into the 

14non-profit investment pool by a not-for-profit corporation 

15that is exempt from taxation under Section 501(c)(3), 

16501(c)(4), 501(c)(5), or 501(c)(6) of the Internal Revenue 

17Code for the purpose of holding and investing those funds. In 

18order