SB2968 Updates Non-Profit Investment Pool Eligibility Requirements
Summary
Illinois Governor signed SB2968 into law, amending the Non-Profit Investment Pool Act. The bill establishes new eligibility requirements for not-for-profit corporations seeking to participate in the state-administered investment pool. Eligible nonprofits must not appear on the federal SAM exclusion list, state procurement debarment lists, the Department of Labor debarred contractors list, or the Illinois Stop Payment List, and must have a specified organizational purpose.
What changed
Illinois enacted SB2968, amending the Non-Profit Investment Pool Act to establish stricter eligibility criteria for participating nonprofits. The bill requires not-for-profit corporations to affirm they are not on any of four exclusion lists: the federal SAM exclusion list, the Chief Procurement Officer's suspensions and debarments list, the Department of Labor's debarred contractors list, and the Illinois Stop Payment List established under the Grant Accountability and Transparency Act. Organizations must also demonstrate a qualifying organizational purpose.
Affected not-for-profit corporations must conduct screening against multiple federal and state exclusion lists before investing funds in the state pool. Organizations previously eligible may lose access if they appear on any of the newly required exclusion checks. Nonprofits seeking to participate should review their current status on all referenced lists and update internal compliance procedures accordingly.
What to do next
- Verify organization is not on the federal SAM exclusion list
- Confirm no status on the Illinois Stop Payment List or state procurement debarment lists
- Ensure organizational purpose meets statutory requirements
Archived snapshot
Apr 10, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
ChangeBridge / Illinois / SB2968 Signed by Governor SB2968 Senate Bill Signed by Governor 2026-01-27
NON-PROFIT INVESTMENT POOL
Reinserts the provisions of the introduced bill with the following changes. Provides that, in order to be eligible to participate in the non-profit investment pool, a not-for-profit corporation shall: (1) not be on the federal system for award management (SAM) exclusion list; (2) not be on the Chief Procurement Officer's suspensions, debarments, voluntary exclusions, and voluntary non-participation agreements list; (3) not be on the Department of Labor's debarred contractors list; (4) not be on the Illinois Stop Payment List established under the Grant Accountability and Transparency Act; and (5) be an organization with a purpose specified in the provision.
Bill Details
State Illinois
Session 104th General Assembly
Chamber Senate
Official Source www.ilga.gov/Legislation/BillStatus?DocNum...
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Sponsors
Adriane Johnson (Sen - D) Laura Murphy (Sen - D)
Action History
2026-04-09 S Senate Floor Amendment No. 2 Referred to Assignments 2026-04-09 S Senate Floor Amendment No. 2 Filed with Secretary by Sen. Adriane Johnson 2026-03-26 S Added as Co-Sponsor Sen. Laura M. Murphy 2026-03-25 S Placed on Calendar Order of 2nd Reading March 26, 2026 2026-03-25 S Do Pass as Amended Executive; 010-003-000 2026-03-25 S Senate Committee Amendment No. 1 Adopted 2026-03-24 S Senate Committee Amendment No. 1 Assignments Refers to Executive 2026-03-23 S Senate Committee Amendment No. 1 Referred to Assignments 2026-03-23 S Senate Committee Amendment No. 1 Filed with Secretary by Sen. Adriane Johnson 2026-03-13 S Rule 2-10 Committee Deadline Established As March 27, 2026 2026-02-03 S Assigned to Executive 2026-01-27 S Referred to Assignments 2026-01-27 S First Reading 2026-01-27 S Filed with Secretary by Sen. Adriane Johnson
Committee Referrals
2026-01-27 S Assignments 2026-02-03 S Executive 2026-03-23 S Assignments 2026-03-24 S Executive 2026-04-09 S Assignments
Amendments
2026-03-23 Senate Amendment 001 2026-04-09 Senate Amendment 002
Bill Text Versions
2026-01-27 Introduced Legislative data powered by LegiScan (CC BY 4.0)
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