Bill Status of HB 1188   94th General Assembly


Short Description:  PEN CD-IMRF-INVESTMNT MANAGERS

House Sponsors
Rep. Robert S. Molaro

Last Action  View All Actions

DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
50 ILCS 5/7-195.2 new

Synopsis As Introduced
Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that the Board shall have the power and duty to use emerging investment managers, minority-owned investment businesses, female-owned businesses, and businesses owned by persons with disabilities in managing the Fund's assets. Declares that it is the public policy of the State to encourage the use of those managers and businesses. Requires the Fund to submit an annual report to the General Assembly that identifies the emerging investment managers, minority-owned businesses, female-owned businesses, and businesses owned by persons with disabilities used by the Fund, the percentage of the Fund's assets under the control of those managers and businesses, and the actions the Fund has taken to increase the use of those managers and businesses. Effective immediately.

Actions 
DateChamber Action
  2/8/2005HouseFiled with the Clerk by Rep. Robert S. Molaro
  2/9/2005HouseFirst Reading
  2/9/2005HouseReferred to Rules Committee
  2/10/2005HouseAssigned to Executive Committee
  2/16/2005HouseRe-assigned to Personnel and Pensions Committee
  3/10/2005HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die

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