Bill Status of HB1188 94th General Assembly
Short Description: PEN CD-IMRF-INVESTMNT MANAGERS
Rep. Robert S. Molaro
| 1/9/2007||House||Session Sine Die|
Statutes Amended In Order of Appearance
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.