FITZGERALD-CLAYBORNE-MAITLAND. 40 ILCS 5/1-101.1 from Ch. 108 1/2, par. 1-101.1 40 ILCS 5/1-101.2 new 40 ILCS 5/1-101.3 new 40 ILCS 5/1-101.4 new 40 ILCS 5/1-113 from Ch. 108 1/2, par. 1-113 40 ILCS 5/1-113.1 new 40 ILCS 5/1-113.2 new 40 ILCS 5/1-113.3 new 40 ILCS 5/1-113.4 new 40 ILCS 5/1-113.5 new 40 ILCS 5/1-113.6 new 40 ILCS 5/1-113.7 new 40 ILCS 5/1-113.8 new 40 ILCS 5/1-113.9 new 40 ILCS 5/1-113.10 new 40 ILCS 5/1-113.11 new 40 ILCS 5/3-102 from Ch. 108 1/2, par. 3-102 40 ILCS 5/3-108.2 new 40 ILCS 5/3-108.3 new 40 ILCS 5/3-132 from Ch. 108 1/2, par. 3-132 40 ILCS 5/3-135 from Ch. 108 1/2, par. 3-135 40 ILCS 5/3-143 from Ch. 108 1/2, par. 3-143 40 ILCS 5/4-105c new 40 ILCS 5/4-105d new 40 ILCS 5/4-123 from Ch. 108 1/2, par. 4-123 40 ILCS 5/4-128 from Ch. 108 1/2, par. 4-128 40 ILCS 5/4-134 from Ch. 108 1/2, par. 4-134 815 ILCS 5/8 from Ch. 121 1/2, par. 137.8 Amends the Illinois Pension Code to expand the investment authority of downstate police and fire pension funds. Adopts provisions relating to fiduciaries and investment advisers. Amends the Illinois Securities Law of 1953 to specify that dealers, salespersons, and investment advisers may be disciplined for causing or advising a public pension fund to make an investment or engage in a transaction not authorized under the Illinois Pension Code. Effective immediately. PENSION IMPACT NOTE There could be an increase in annual investment returns of 0.75%, approximately $479.7 million over 10 years. This esti- mate assumes all eligible pension funds will invest 35% of assets in equities (mutual funds or stocks). 97-01-23 S FIRST READING 97-01-23 S REFERRED TO SENATE RULES COMMITTEE RULES 97-01-28 S ASSIGNED TO COMMITTEE INS & PENS. 97-02-11 S PENSION NOTE FILED 97-02-26 S TO SUBCOMMITTEE 97-02-26 S COMMITTEE INS & PENS. 97-02-26 S ADDED AS A CHIEF CO-SPONSOR CLAYBORNE 97-03-15 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 97-03-18 S ADDED AS A CHIEF CO-SPONSOR MAITLAND 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary