Illinois General Assembly - Bill Status for HB1188

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Bill Status of HB1188 94th General Assembly

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Short Description: PEN CD-IMRF-INVESTMNT MANAGERS

House Sponsors
Rep. Robert S. Molaro

Last Action

Date	Chamber	Action
1/9/2007	House	Session 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

Date	Chamber	Action
2/8/2005	House	Filed with the Clerk by Rep. Robert S. Molaro
2/9/2005	House	First Reading
2/9/2005	House	Referred to Rules Committee
2/10/2005	House	Assigned to Executive Committee
2/16/2005	House	Re-assigned to Personnel and Pensions Committee
3/10/2005	House	Rule 19(a) / Re-referred to Rules Committee
1/9/2007	House	Session Sine Die

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