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HR0725 |
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LRB093 21288 HSS 47489 r |
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| HOUSE RESOLUTION
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| WHEREAS, It is to the benefit of the State of Illinois to |
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| prevent the expenditure of Illinois public pension funds with |
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| out-of-state financial services providers when there are |
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| Illinois financial services providers that provide the same |
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| returns and risks on investments; and
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| WHEREAS, It will benefit the economy of the State of |
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| Illinois to increase the earnings of qualified Illinois |
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| financial service providers and simultaneously satisfy all |
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| fiduciary responsibilities of the pension systems; therefore, |
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| be it
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| RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE |
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| NINETY-THIRD GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that |
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| whenever possible without violation of fiduciary |
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| responsibilities, all Illinois pension systems should use the |
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| Chicago Stock Exchange rather than using a stock exchange based |
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| outside of the State of Illinois; and be it further
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| RESOLVED, That a copy of this resolution be sent to each of |
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| the pension systems created under the Illinois Pension Code and |
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| to the Illinois State Board of Investment.
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