Illinois SB2968 allows the State Treasurer to establish a non-profit investment pool and electronic payment program for not-for-profit corporations.
Illinois SB2968 amends the State Treasurer Act to enable the State Treasurer to establish and manage a non-profit investment pool and an electronic payment processing program. This program aims to enhance investment opportunities and secure electronic payment options for not-for-profit corporations in Illinois. The Treasurer can receive funds from eligible not-for-profit corporations for holding and investing.
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- Legal Framework
- Critical Issues
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