Illinois General Assembly - Bill Status for HB3635
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 Bill Status of HB3635  101st General Assembly

Short Description:  PEN CD-DNST FIRE-INVEST

House Sponsors
Rep. William Davis - Robyn Gabel

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-109.1from Ch. 108 1/2, par. 1-109.1
40 ILCS 5/1-110from Ch. 108 1/2, par. 1-110
40 ILCS 5/1-113.1
40 ILCS 5/1-113.2
40 ILCS 5/1-113.3
40 ILCS 5/1-113.4
40 ILCS 5/1-113.4a
40 ILCS 5/1-113.14
40 ILCS 5/1-113.16
40 ILCS 5/1-113.20
40 ILCS 5/1-150
40 ILCS 5/4-128from Ch. 108 1/2, par. 4-128

Synopsis As Introduced
Amends the General Provisions and Downstate Firefighter Articles of the Illinois Pension Code. Removes provisions specifying, based on the net assets of the downstate firefighter pension fund, types of investments that a downstate firefighter pension fund may make. Removes certain limitations on the percentage of a downstate firefighter pension fund's net assets that may be invested in certain types of investments. Provides that the board of a firefighter pension fund shall invest funds with the care, skill, prudence, and diligence that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character with like aims. Makes conforming changes. Effective immediately.

DateChamber Action
  2/15/2019HouseFiled with the Clerk by Rep. William Davis
  2/15/2019HouseFirst Reading
  2/15/2019HouseReferred to Rules Committee
  3/5/2019HouseAssigned to Executive Committee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  8/30/2019HouseAdded Chief Co-Sponsor Rep. Robyn Gabel
  1/13/2021HouseSession Sine Die

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