Amends the Youth Homelessness Prevention Subcommittee Act. Makes a technical change in a Section concerning the short title.

Amends the University of Illinois Act. Provides that the Board of Trustees shall direct the University of Illinois System, in addition to the Office of Investments and external investment managers, to not invest the assets of any endowment fund in the stocks, securities, or other obligations of any fossil fuel company or any subsidiary, affiliate, or parent of any fossil fuel company. Provides that this does not preclude the de minimis exposure of any funds held by the endowment fund to the stocks, securities, or other obligations of any fossil fuel company or any subsidiary, affiliate, or parent of any fossil fuel company. Requires the Board of Trustees to direct the University of Illinois System, in addition to the Office of Investments and external investment managers, to not invest in any prime commercial paper or corporate bonds issued by a fossil fuel company. Provides that, beginning one year after the effective date of the amendatory Act, the Board of Trustees, subject to an affirmative determination of prudence and in accordance with sound investment criteria and consistent with its fiduciary obligations, shall direct the University of Illinois System to ensure that any endowment fund does not have any indirect investments; defines "indirect investment". Provides that the Board of Trustees shall direct the University of Illinois System, in addition to the Office of Investments and external investment managers, to adopt updates to its written investment policies, if necessary, to meet the requirements of these provisions and publish a copy of those updated policies within 90 days after the adoption of the updated policies. Effective immediately.

Amends the Youth Homelessness Prevention Subcommittee Act. Makes a technical change in a Section concerning the short title.

Amends the Youth Homelessness Prevention Subcommittee Act. Makes a technical change in a Section concerning the short title.

Amends the Regulation of Phosphorus in Detergents Act. Makes a technical change in a Section concerning the short title.

Amends the Illinois Employment First Act. Makes a technical change in a Section concerning the short title.

Amends the Open Operating Standards Act. Makes a technical change in a Section concerning the short title.

Creates the Capital Area Tourism Authority Act. Creates the Capital Area Tourism Authority for the benefit of the general public and the promotion of business, industry, commerce, and tourism in the City of Springfield, Sangamon County, and the State of Illinois. Creates the Capital City Downtown Medical District Act. Creates the Capital City Downtown Medical District Commission. Sets forth the duties and purpose of the Commission. Amends the Property Tax Code. Creates the Megaproject Assessment Freeze and Payment Law within the Code. Provides that the Department of Commerce and Economic Opportunity may issue megaproject certificates in connection with projects that satisfy certain minimum investment requirements and other requirements. Provides that property that receives a megaproject certificate from the Department of Commerce and Economic Opportunity is eligible for an assessment freeze. Provides that sales of building materials that will be incorporated into a megaproject and that are purchased during the incentive period are eligible for the same building materials exemption available to High Impact Businesses under the Retailers' Occupation Tax Act. Provides that, to be eligible for megaproject incentives, the company and the local municipality must enter into an incentive agreement. Provides that, in addition to other requirements, the incentive agreement must require the company to pay, or be responsible for the payment of, an annual special payment to the local municipality. Provides that no person who participates personally and substantially in the negotiation of a megaproject agreement on behalf of a local municipality or taxing district may, within a period of one year after the effective date of the agreement, knowingly accept employment or receive compensation or fees from a company that is a party to the agreement. Amends the Illinois State Auditing Act. Provides that the Auditor General shall conduct a compliance audit in accordance with specified provisions of the Statewide Innovation Development and Economy Act. Amends the State Finance Act, the Illinois Municipal Code, the Metro-East Park and Recreation District Act, and the Local Mass Transit District Act. Provides for the transfer of the local sales tax increment to the STAR Bonds Revenue Fund. Amends the Statewide Innovation Development and Economy Act. Creates a New Opportunities for Vacation and Adventure Urban District (NOVA urban district). Sets forth the requirements to be certified as a NOVA urban district. Amends the Illinois Income Tax Act. Creates a credit for rehabilitation costs for qualified historic properties in the Capital City Downtown Medical District. Creates a capital city jobs tax credit. Repeals the Mid-Illinois Medical District Act. Effective immediately.

Amends the Uniform Racial Classification Act. Makes a technical change in a Section concerning the short title.

Amends the State Agency Student Worker Opportunity Act. Makes a technical change in a Section concerning the short title.

Amends the Native American Employment Plan Act. Makes a technical change in a Section concerning the short title.

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, beginning on January 1, 2026, hearing aids are exempt from the taxes under those Acts. Effective immediately.

Amends the Illinois Water Well Construction Code. Provides that the minimum lateral setback distance between a closed-loop well and a storm sewer, sanitary sewer, combined sewer, or any other potential source of contamination is 5 feet. Specifies that setbacks from footing drains and pits, crawl spaces, and basements do not apply to closed-loop wells.

Creates the Food Truck Freedom Act. Provides that a municipality, county, or township may create a license or permitting scheme for a food truck to operate within its jurisdiction. Provides that a food truck license or permit obtained from a municipality, county, or township in Illinois has full force and effect in all other jurisdictions in Illinois so long as that license or permit was issued after: (1) an inspection by a local health department that uses recommendations made by the Food and Drug Administration concerning food trucks and (2) an inspection by a local fire department that uses recommendations made by the National Fire Prevention Association concerning food trucks. Provides that nothing in the provisions prevents a municipality, county, or township from imposing placement or zoning restrictions or fees so long as those restrictions and fees are uniformly applied to all food trucks, regardless of the food truck's license or permit jurisdiction. Defines "food truck". Limits the concurrent exercise of home rule powers. Effective January 1, 2026.

Amends the Illinois Procurement Code. Provides that the chief procurement officer may not award a contract to a vendor if more than 10% of the services contracted, based on the cost of services, are to be performed outside of the United States.