Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 805/8.37 new

105 ILCS 5/10-20.55 new

Synopsis As Introduced
Amends the State Mandates Act. Provides that no reimbursement by the State is required for the implementation of any mandate created by this amendatory Act and that nothing in this amendatory Act overrides the process established under the School Code. Amends the School Code. Provides that if a school board other than the Chicago Board of Schools offers a 403(b) plan to its officers, employees, or both, or makes contributions to such a plan on behalf of its officers, employees, or both, then the plan sponsor must act in accordance with the prudent investor rule when making plan-related decisions. Sets forth the prudent investor rule and provides that this amendatory Act does not apply to any plan under the Illinois Pension Code. Effective immediately.

Actions 

Date	Chamber	Action
2/6/2013	House	Filed with the Clerk by Rep. Elaine Nekritz
2/6/2013	House	First Reading
2/6/2013	House	Referred to Rules Committee
2/13/2013	House	Assigned to Personnel and Pensions Committee
2/20/2013	House	Added Co-Sponsor Rep. Laura Fine
3/22/2013	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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