Date	Chamber	Action
1/13/2009	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/1-113.4

Synopsis As Introduced
Amends the Illinois Pension Code. In provisions concerning permitted investments for pension funds with net assets of $5,000,000 or more, (i) removes provisions requiring that securities are of a corporation created or existing under the laws of the United States or any state, district, or territory thereof and that the issuer of the stocks has been subject to the requirements of Section 12 of the federal Securities Exchange Act of 1934 and has been current with the filing requirements of specified Sections of that Act during the preceding 3 years and (ii) increases the maximum percentage of the market value of the pension fund's net present assets in certain investments from 35% to 50% if the fund utilizes an investment management consultant or an investment manager. Effective immediately.

Actions 

Date	Chamber	Action
2/13/2008	House	Filed with the Clerk by Rep. Karen May
2/13/2008	House	First Reading
2/13/2008	House	Referred to Rules Committee
2/21/2008	House	Added Chief Co-Sponsor Rep. Mike Fortner
2/21/2008	House	Added Chief Co-Sponsor Rep. Kathleen A. Ryg
1/13/2009	House	Session Sine Die

Back To Top