92nd General Assembly
Summary of HB3168
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House Sponsors:
STROGER-SCHOENBERG-MCKEON-FORBY-FOWLER, RYAN, MCGUIRE, 
   DAVIS,MONIQUE AND MORROW.

Short description: 
PEN CD-ALLOCATE BROKERAGE                                                  

Synopsis of Bill as introduced:
        Amends the General Provisions Article  of  the  Illinois  Pension      
   Code.    Beginning  July 1, 2002, requires the Illinois State Board of      
   Investment and the board of trustees  of  each  retirement  system  or      
   pension fund to allocate specified portions of its brokerage business,      
   on  an annual basis, to brokerage or investment banking firms that are      
   based in Illinois or are minority owned  businesses  or  female  owned      
   businesses  as  defined  in  the  Business  Enterprise for Minorities,      
   Females, and Persons with Disabilities Act.  Effective immediately.         
          PENSION NOTE (Illinois Pension Laws Commission)                      
          The fiscal impact of HB 3168 cannot be determined, as returns        
          would depend on any changes made in asset allocation and the         
          resulting performance of those assets.                               
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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