Illinois General Assembly - Bill Status for HB5059
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB5059  96th General Assembly


House Sponsors
Rep. Kevin Joyce

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-110.16 new
30 ILCS 805/8.34 new

Synopsis As Introduced
Amends the Illinois Pension Code. Provides that a retirement system or pension fund may not invest in any funds that trade derivatives in off markets or non-open markets, and if a retirement system or pension fund is investing in such a fund on the effective date, then the retirement system or pension fund must divest the retirement system's interest in the fund within one year after the effective date. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

DateChamber Action
  1/25/2010HouseFiled with the Clerk by Rep. Kevin Joyce
  1/25/2010HouseFirst Reading
  1/25/2010HouseReferred to Rules Committee
  2/23/2010HouseAssigned to Personnel and Pensions Committee
  3/11/2010HouseMotion Do Pass - Lost Personnel and Pensions Committee; 004-003-003
  3/11/2010HouseRemains in Personnel and Pensions Committee
  3/15/2010HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

Back To Top