SB0517 95TH GENERAL ASSEMBLY

LRB095 08735 AMC 28919 b

95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0517

Introduced 2/8/2007, by Sen. James F. Clayborne, Jr.

SYNOPSIS AS INTRODUCED:

40 ILCS 5/1-113.13 new

Amends the Illinois Pension Code. Requires the board of trustees of the State Universities Retirement System, the Teachers' Retirement System of the State of Illinois, and any pension fund or retirement system under the jurisdiction of the Illinois State Board of Investments to adopt an environmental real estate investment policy no later than December 31, 2007. Specifies certain minimum goals. Provides that the board of the pension fund or retirement system shall deliver to the General Assembly and Governor an annual report summarizing the progress of the board in fulfilling its environmental real estate investment policy. Effective immediately.

FISCAL NOTE ACT MAY APPLY

PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning public employee benefits.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Pension Code is amended by adding Section 1-113.13 as follows:

(40 ILCS 5/1-113.13 new)

Sec. 1-113.13. Environmental investments.

(a) The board of trustees of the State Universities Retirement System, the Teachers' Retirement System of the State of Illinois, and any pension fund or retirement system under the jurisdiction of the Illinois State Board of Investments must adopt an environmental real estate investment policy no later than December 31, 2007. The policy of each board shall include at minimum goals to (1) promote conservation of natural resources used in buildings owned by the board, (2) increase the use of renewable fuels and power sources in buildings owned by the board, and (3) promote the adoption of comprehensive environmental design goals, such as the Leadership in Energy and Environmental Design rating system maintained by the U.S. Green Building Council.

(b) No later than 60 days following the close of any pension fund's or retirement system's fiscal year, starting in fiscal year 2008, the board of the pension fund or retirement system shall deliver to the General Assembly and Governor a report summarizing the progress of the board in fulfilling its environmental real estate investment policy.

Section 99. Effective date. This Act takes effect upon becoming law.