republic-os/legislation/us/states/il/102nd/hb-741.md

---
type: "Bill"
title: "TREASURER-COLLEGE SAVINGS POOL"
description: "Amends the State Treasurer Act. Modifies provisions concerning the College Savings Pool. Provides that the State Treasurer, in administering the College Savings Pool, may, among other actions, perform any other action he or she deems necessary to administer the Pool. Provides that the State Treasurer may delegate duties related to the College Savings Pool to one or more contractors. Provides that any fees, costs, and expenses related to the College Savings Pool shall be paid from the assets of the College Savings Pool. Provides further requirements concerning fees of the College Savings Pool. Modifies provisions concerning investment restrictions, distributions, and contributions of the College Savings Pool. Modifies provisions concerning the Illinois Student Assistance Commission. Provides that the State Treasurer and the Illinois Student Assistance Commission shall each cooperate in providing each other with account information, as necessary, to prevent contributions in excess of those necessary to provide for the qualified expenses of the designated beneficiary. Removes provisions requiring the maintenance of specified records. Modifies defined terms. Makes conforming and other changes. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "102nd"
identifier: "HB 741"
citation: "Illinois HB 741 (102nd)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Katie Stuart", "Laura Ellman"]
version_count: 3
action_count: 31
vote_count: 2
first_action: "2021-02-08"
last_action: "2021-07-30"
source: "openstates"
source_identifier: "ocd-bill/18b6bbc9-e089-4fae-9d82-01b06f2b4634"
source_url: "https://ilga.gov/legislation/BillStatus.asp?DocNum=741&GAID=16&DocTypeID=HB&LegId=129296&SessionID=110&GA=102"
source_hash: "4f2f9817dfe6ae1bfd00e39f401d6b0c2e27092622f61c2de4902889fba84a7a"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois HB 741 (102nd) — TREASURER-COLLEGE SAVINGS POOL

Amends the State Treasurer Act. Modifies provisions concerning the College Savings Pool. Provides that the State Treasurer, in administering the College Savings Pool, may, among other actions, perform any other action he or she deems necessary to administer the Pool. Provides that the State Treasurer may delegate duties related to the College Savings Pool to one or more contractors. Provides that any fees, costs, and expenses related to the College Savings Pool shall be paid from the assets of the College Savings Pool. Provides further requirements concerning fees of the College Savings Pool. Modifies provisions concerning investment restrictions, distributions, and contributions of the College Savings Pool. Modifies provisions concerning the Illinois Student Assistance Commission. Provides that the State Treasurer and the Illinois Student Assistance Commission shall each cooperate in providing each other with account information, as necessary, to prevent contributions in excess of those necessary to provide for the qualified expenses of the designated beneficiary. Removes provisions requiring the maintenance of specified records. Modifies defined terms. Makes conforming and other changes. Effective immediately.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://ilga.gov/legislation/102/HB/PDF/10200HB0741.pdf)
2. **Engrossed** (committee substitute) — [source](https://ilga.gov/legislation/102/HB/PDF/10200HB0741eng.pdf)
3. **Enrolled** (enrolled) — [source](https://ilga.gov/legislation/102/HB/PDF/10200HB0741enr.pdf)

## Votes

- Third Reading — **108–0** (pass) · lower
- Third Reading — **57–0** (pass) · upper

## Sponsors

- Katie Stuart — primary (person)
- Laura Ellman — primary (person)
- Carol Ammons — cosponsor (person)
- Jacqueline Y. Collins — cosponsor (person)
- Laura M. Murphy — cosponsor (person)
- Mike Murphy — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-02-08** Filed with the Clerk by Rep. Katie Stuart `filing`
- **2021-02-10** First Reading `reading-1`
- **2021-02-10** Referred to Rules Committee `referral-committee`
- **2021-03-02** Assigned to State Government Administration Committee `referral-committee`
- **2021-03-10** Added Co-Sponsor Rep. Mike Murphy
- **2021-03-10** Do Pass / Consent Calendar State Government Administration Committee; 007-000-000 `committee-passage`
- **2021-03-17** Placed on Calendar 2nd Reading - Consent Calendar
- **2021-04-08** Added Chief Co-Sponsor Rep. Carol Ammons
- **2021-04-13** Second Reading - Consent Calendar `reading-2`
- **2021-04-13** Held on Calendar Order of Second Reading - Consent Calendar `reading-2`
- **2021-04-13** Placed on Calendar Order of 3rd Reading - Consent Calendar
- **2021-04-16** Third Reading - Consent Calendar - Passed 108-000-000 `passage, reading-3`
- **2021-04-19** Arrive in Senate `introduction`
- **2021-04-19** Placed on Calendar Order of First Reading `reading-1`
- **2021-04-19** Chief Senate Sponsor Sen. Laura Ellman
- **2021-04-19** First Reading `reading-1`
- **2021-04-19** Referred to Assignments `referral-committee`
- **2021-04-28** Assigned to Financial Institutions `referral-committee`
- **2021-05-04** Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
- **2021-05-06** Do Pass Financial Institutions; 007-000-000 `committee-passage`
- **2021-05-06** Placed on Calendar Order of 2nd Reading May 10, 2021
- **2021-05-13** Second Reading `reading-2`
- **2021-05-13** Placed on Calendar Order of 3rd Reading May 14, 2021
- **2021-05-24** Placed on Calendar Order of 3rd Reading ** May 25, 2021
- **2021-05-26** Added as Alternate Co-Sponsor Sen. Laura M. Murphy
- **2021-05-27** Third Reading - Passed; 057-000-000 `passage, reading-3`
- **2021-05-27** Passed Both Houses
- **2021-06-23** Sent to the Governor `executive-receipt`
- **2021-07-30** Governor Approved `executive-signature`
- **2021-07-30** Effective Date July 30, 2021
- **2021-07-30** Public Act . . . . . . . . . 102-0186 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/18b6bbc9-e089-4fae-9d82-01b06f2b4634`. Confidence: reported (aggregated from official Illinois legislature records).