Illinois General Assembly - Bill Status for SB0364
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 Bill Status of SB0364  96th General Assembly


Senate Sponsors
Sen. Jeffrey M. Schoenberg - Kwame Raoul - John J. Cullerton - Deanna Demuzio - Michael W. Frerichs, Ira I. Silverstein, Jacqueline Y. Collins, Toi W. Hutchinson, Michael Noland, Susan Garrett, Michael Bond, Heather Steans, Don Harmon, Iris Y. Martinez, Martin A. Sandoval, Emil Jones, III, Mattie Hunter, Donne E. Trotter, M. Maggie Crotty, Terry Link, A. J. Wilhelmi, William Delgado, James T. Meeks, Gary Forby, William R. Haine, Edward D. Maloney, James A. DeLeo, John M. Sullivan, Mike Jacobs, David Koehler, Dan Kotowski and Bill Brady

House Sponsors
(Rep. Michael J. Madigan - Barbara Flynn Currie - William D. Burns - David E. Miller - Kevin A. McCarthy, Careen M. Gordon, Karen A. Yarbrough, Robert Rita, Daniel V. Beiser, Jack D. Franks, Cynthia Soto, Fred Crespo, Julie Hamos, Keith Farnham, Linda Chapa LaVia, Elizabeth Hernandez, Kevin Joyce, Lisa M. Dugan, Kenneth Dunkin, Naomi D. Jakobsson, Eddie Lee Jackson, Sr., Greg Harris, Elaine Nekritz, Emily McAsey, Deborah L. Graham, André M. Thapedi, LaShawn K. Ford, Lou Lang, Constance A. Howard, Joseph M. Lyons, Karen May, Robert F. Flider, Eddie Washington, Kathleen A. Ryg, Annazette Collins, Jehan A. Gordon, Michael K. Smith, Monique D. Davis, Marlow H. Colvin, Patrick J. Verschoore, William Davis, John A. Fritchey, Dan Reitz, Al Riley, Darlene J. Senger, Bob Biggins, Dennis M. Reboletti, Rosemary Mulligan, Ronald A. Wait, Sandy Cole, Elizabeth Coulson, Franco Coladipietro, Sandra M. Pihos, Renée Kosel, Kay Hatcher, Michael G. Connelly and Randy Ramey, Jr.)

Last Action
DateChamber Action
  4/3/2009SenatePublic Act . . . . . . . . . 96-0006

Statutes Amended In Order of Appearance
15 ILCS 20/50-5was 15 ILCS 20/38

Synopsis As Introduced
Amends the State Budget Law of the Civil Administrative Code of Illinois. Makes a technical change concerning submission of the State budget.

House Committee Amendment No. 1
Deletes reference to:
15 ILCS 20/50-5
Adds reference to:
5 ILCS 420/4A-101from Ch. 127, par. 604A-101
5 ILCS 420/4A-102from Ch. 127, par. 604A-102
5 ILCS 420/4A-106from Ch. 127, par. 604A-106
5 ILCS 420/4A-107from Ch. 127, par. 604A-107
5 ILCS 430/1-5
15 ILCS 505/16.10 new
40 ILCS 5/1-101.2
40 ILCS 5/1-101.5 new
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 5/1-113.5
40 ILCS 5/1-113.14 new
40 ILCS 5/1-113.16 new
40 ILCS 5/1-113.18 new
40 ILCS 5/1-125
40 ILCS 5/1-130 new
40 ILCS 5/1-135 new
40 ILCS 5/1-145 new
40 ILCS 5/1-150 new
40 ILCS 5/8-192from Ch. 108 1/2, par. 8-192
40 ILCS 5/14-134from Ch. 108 1/2, par. 14-134
40 ILCS 5/14-134.1from Ch. 108 1/2, par. 14-134.1
40 ILCS 5/15-159from Ch. 108 1/2, par. 15-159
40 ILCS 5/16-164from Ch. 108 1/2, par. 16-164
40 ILCS 5/22A-109from Ch. 108 1/2, par. 22A-109

Amends the Illinois Governmental Ethics Act. Requires members of the board of any pension fund or retirement system established under the Illinois Pension Code to file a statement of economic interests. Amends the State Officials and Employees Ethics Act. Includes appointed or elected commissioners, trustees, directors, or board members of a board of a State agency, including the boards found in the Illinois Pension Code, in the definition of "employee". Amends the State Treasurer Act to create a working group within the Office of the State Treasurer to develop uniform standards for peer cost comparisons. Amends the Illinois Pension Code. Makes changes in provisions concerning the definition of "fiduciary", allocation and delegation of fiduciary duties, prohibited transactions, and prohibitions on gifts. Adds provisions concerning consultants and investment services for investment boards, pension funds, and retirement systems other than downstate police and fire pension funds; fiduciary training; investment transparency; prohibitions on monetary gain on investments; fraud; and contingent fees. Amends the Chicago Municipal Article of the Illinois Pension Code to replace an employee member with an annuitant member. Amends the State Employees, the State Universities Article, the Downstate Teachers, and the State Board of Investment Article of the Illinois Pension Code to provide for the termination of the terms of board members appointed by the Governor and the require appointment of successors and to change the composition of the Board. Makes other changes. Effective immediately

House Floor Amendment No. 2
Deletes reference to:
40 ILCS 5/8-192
Adds reference to:
40 ILCS 5/16-163from Ch. 108 1/2, par. 16-163
40 ILCS 5/16-169from Ch. 108 1/2, par. 16-169

Replaces everything after the enacting clause with the bill as amended by House Amendment No. 1 with the following changes. Replaces provisions amending the State Treasurer Act with language providing that the Treasurer shall convene a working group consisting of representatives from the retirement systems, pension funds, and investment board created under the Illinois Pension Code, persons that provide investment services, and members of the financial industry. Provides that the working group shall review the performance of investment managers and consultants providing investment services for the retirement systems, pension funds, and investment board created under the Illinois Pension Code and develop uniform standards for comparing the costs of investment services and make recommendations to the retirement systems, pension funds, and investment board. In provisions amending the Illinois Pension Code, (i) provides that, if in any case an emerging investment manager meets the criteria established by a board for a specific search and meets the criteria established by a consultant for that search, then that emerging investment manager shall receive an invitation by the board of trustees, or an investment committee of the board of trustees, to present his or her firm for final consideration of a contract and in the case where multiple emerging investment managers meet the criteria of this Section, the staff may choose the most qualified firm or firms to present to the board, (ii) makes changes in provisions concerning selection and appointment of investment advisers and consultants, (iii) provides that, for the purposes of certain disclosures, "subcontractor" does not include non-investment related professionals or professionals offering services that are not directly related to the investment of assets, such as legal counsel, actuary, proxy-voting services, services used to track compliance with legal standards, and investment fund of funds where the board has no direct contractual relationship with the investment advisers or partnerships, (iv) removes provisions amending the Chicago Municipal Article, (v) in provisions concerning the boards of trustees of the State Employees' Retirement System of Illinois and the State Universities Retirement System, provides for the boards to be reconstituted 90 days after the effective date of the amendatory Act (rather than 30 days after the effective date), (vi) in provisions concerning the Board of Trustees of the Teachers' Retirement System of the State of Illinois, adds 2 members appointed by the Governor, (vii) in provisions concerning the boards of trustees of retirement systems, provides that the Governor's nominees must be made within 60 days after the effective date (rather than within 30 days after the effective date) and makes other changes in language regarding the nominations, and (viii) in provisions concerning the Teachers' Retirement System of the State of Illinois, provides that the secretary and chief executive officer of the system, known as the Executive Director, holding that position on April 1, 2009 is terminated on July 1, 2009, by operation of law, and shall thereafter no longer hold those positions or any other employment position with the system, and directs the board to take whatever action is necessary to effectuate this termination, and (ix) makes other changes. Effective immediately.

DateChamber Action
  2/6/2009SenateFiled with Secretary by Sen. John J. Cullerton
  2/6/2009SenateFirst Reading
  2/6/2009SenateReferred to Assignments
  3/5/2009SenateAssigned to Executive
  3/12/2009SenateDo Pass Executive; 012-000-000
  3/12/2009SenatePlaced on Calendar Order of 2nd Reading March 17, 2009
  3/24/2009SenateSecond Reading
  3/24/2009SenatePlaced on Calendar Order of 3rd Reading March 25, 2009
  3/25/2009SenateThird Reading - Passed; 050-007-000
  3/25/2009HouseArrived in House
  3/25/2009HousePlaced on Calendar Order of First Reading
  3/25/2009HouseChief House Sponsor Rep. Michael J. Madigan
  3/25/2009HouseAdded Alternate Chief Co-Sponsor Rep. Barbara Flynn Currie
  3/25/2009HouseFirst Reading
  3/25/2009HouseReferred to Rules Committee
  3/25/2009HouseAssigned to Executive Committee
  3/31/2009HouseHouse Committee Amendment No. 1 Filed with Clerk by Executive Committee
  3/31/2009HouseHouse Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
  3/31/2009HouseDo Pass as Amended / Short Debate Executive Committee; 011-000-000
  3/31/2009HousePlaced on Calendar 2nd Reading - Short Debate
  3/31/2009HouseAdded Alternate Chief Co-Sponsor Rep. William D. Burns
  3/31/2009HouseAdded Alternate Chief Co-Sponsor Rep. David E. Miller
  3/31/2009HouseAdded Alternate Chief Co-Sponsor Rep. Kevin A. McCarthy
  3/31/2009HouseSecond Reading - Short Debate
  3/31/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Careen M. Gordon
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Karen A. Yarbrough
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Robert Rita
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Daniel V. Beiser
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Jack D. Franks
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Cynthia Soto
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Fred Crespo
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Julie Hamos
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Keith Farnham
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Linda Chapa LaVia
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Elizabeth Hernandez
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Kevin Joyce
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Lisa M. Dugan
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Kenneth Dunkin
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Naomi D. Jakobsson
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Eddie Lee Jackson, Sr.
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Greg Harris
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Elaine Nekritz
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Emily McAsey
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Deborah L. Graham
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. André M. Thapedi
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. LaShawn K. Ford
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Lou Lang
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Constance A. Howard
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Joseph M. Lyons
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Karen May
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Robert F. Flider
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Eddie Washington
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Kathleen A. Ryg
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Annazette Collins
  4/1/2009HouseAdded Alternate Co-Sponsor Rep. Jehan A. Gordon
  4/2/2009HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Michael J. Madigan
  4/2/2009HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Michael K. Smith
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Monique D. Davis
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Marlow H. Colvin
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Patrick J. Verschoore
  4/2/2009HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. William Davis
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. John A. Fritchey
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Dan Reitz
  4/2/2009HouseRecalled to Second Reading - Short Debate
  4/2/2009HouseHouse Floor Amendment No. 2 Adopted by Voice Vote
  4/2/2009HouseThird Reading - Short Debate - Passed 116-001-000
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Al Riley
  4/2/2009SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2
  4/2/2009SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1, 2 - April 3, 2009
  4/2/2009SenateAdded as Chief Co-Sponsor Sen. Kwame Raoul
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Darlene J. Senger
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Bob Biggins
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Dennis M. Reboletti
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Rosemary Mulligan
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Ronald A. Wait
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Sandy Cole
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Elizabeth Coulson
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Franco Coladipietro
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Sandra M. Pihos
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Renée Kosel
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Kay Hatcher
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Michael G. Connelly
  4/2/2009HouseAdded Alternate Co-Sponsor Rep. Randy Ramey, Jr.
  4/2/2009SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. John J. Cullerton
  4/2/2009SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
  4/2/2009SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. John J. Cullerton
  4/2/2009SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments
  4/2/2009SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Executive
  4/2/2009SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Executive
  4/2/2009SenateChief Sponsor Changed to Sen. Jeffrey M. Schoenberg
  4/2/2009SenateAdded as Co-Sponsor Sen. Ira I. Silverstein
  4/2/2009SenateAdded as Co-Sponsor Sen. Jacqueline Y. Collins
  4/2/2009SenateAdded as Chief Co-Sponsor Sen. John J. Cullerton
  4/2/2009SenateAdded as Chief Co-Sponsor Sen. Deanna Demuzio
  4/2/2009SenateAdded as Chief Co-Sponsor Sen. Michael W. Frerichs
  4/2/2009SenateAdded as Co-Sponsor Sen. Toi W. Hutchinson
  4/2/2009SenateAdded as Co-Sponsor Sen. Michael Noland
  4/2/2009SenateAdded as Co-Sponsor Sen. Susan Garrett
  4/2/2009SenateAdded as Co-Sponsor Sen. Michael Bond
  4/2/2009SenateAdded as Co-Sponsor Sen. Heather Steans
  4/2/2009SenateAdded as Co-Sponsor Sen. Don Harmon
  4/2/2009SenateAdded as Co-Sponsor Sen. Iris Y. Martinez
  4/2/2009SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
  4/2/2009SenateAdded as Co-Sponsor Sen. Emil Jones, III
  4/2/2009SenateAdded as Co-Sponsor Sen. Mattie Hunter
  4/2/2009SenateAdded as Co-Sponsor Sen. Donne E. Trotter
  4/2/2009SenateAdded as Co-Sponsor Sen. M. Maggie Crotty
  4/2/2009SenateAdded as Co-Sponsor Sen. Terry Link
  4/2/2009SenateAdded as Co-Sponsor Sen. A. J. Wilhelmi
  4/2/2009SenateAdded as Co-Sponsor Sen. William Delgado
  4/2/2009SenateAdded as Co-Sponsor Sen. James T. Meeks
  4/2/2009SenateAdded as Co-Sponsor Sen. Gary Forby
  4/2/2009SenateAdded as Co-Sponsor Sen. William R. Haine
  4/2/2009SenateAdded as Co-Sponsor Sen. Edward D. Maloney
  4/2/2009SenateAdded as Co-Sponsor Sen. James A. DeLeo
  4/2/2009SenateAdded as Co-Sponsor Sen. John M. Sullivan
  4/2/2009SenateAdded as Co-Sponsor Sen. Mike Jacobs
  4/2/2009SenateAdded as Co-Sponsor Sen. David Koehler
  4/2/2009SenateAdded as Co-Sponsor Sen. Dan Kotowski
  4/2/2009SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 011-000-000
  4/2/2009SenateHouse Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 011-000-000
  4/2/2009SenateAdded as Co-Sponsor Sen. Bill Brady
  4/2/2009SenateHouse Committee Amendment No. 1 Senate Concurs 057-001-000
  4/2/2009SenateHouse Floor Amendment No. 2 Senate Concurs 057-001-000
  4/2/2009SenatePassed Both Houses
  4/2/2009SenateSent to the Governor
  4/3/2009SenateGovernor Approved
  4/3/2009SenateEffective Date April 3, 2009
  4/3/2009SenatePublic Act . . . . . . . . . 96-0006

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