Bill Status of SB 2234   101st General Assembly

Short Description:  PEN CD-DNST POLICE-INVEST

Senate Sponsors
Sen. Steven M. Landek

Last Action  View All Actions

DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-109.1from Ch. 108 1/2, par. 1-109.1
40 ILCS 5/1-110from Ch. 108 1/2, par. 1-110
40 ILCS 5/1-113.1
40 ILCS 5/1-113.2
40 ILCS 5/1-113.3
40 ILCS 5/1-113.4
40 ILCS 5/1-113.4a
40 ILCS 5/1-113.14
40 ILCS 5/1-113.16
40 ILCS 5/1-113.20
40 ILCS 5/1-150
40 ILCS 5/3-135from Ch. 108 1/2, par. 3-135

Synopsis As Introduced
Amends the General Provisions and Downstate Police Articles of the Illinois Pension Code. Removes provisions specifying, based on the net assets of the downstate police pension fund, types of investments that a downstate police pension fund may make. Removes certain limitations on the percentage of a downstate police pension fund's net assets that may be invested in certain types of investments. Provides that the board of a downstate police pension fund shall invest funds with the care, skill, prudence, and diligence that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character with like aims. Makes conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/27/2019SenateFiled with Secretary by Sen. Steven M. Landek
  2/27/2019SenateFirst Reading
  2/27/2019SenateReferred to Assignments
  3/12/2019SenateAssigned to Government Accountability and Ethics
  3/22/2019SenateRule 2-10 Committee Deadline Established As March 28, 2019
  3/28/2019SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2021SenateSession Sine Die

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