92nd General Assembly
Summary of HB4043
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House Sponsors:

Short description: 
PEN CD-ALLOCATE BROKERAGE                                                  

Synopsis of Bill as introduced:
        Amends the General Provisions Article  of  the  Illinois  Pension      
   Code.    Urges 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,      
   among  Illinois-based,  minority-owned,  and  female-owned   brokerage      
   businesses,  and  provides specific goals.  Declares the encouragement      
   of those businesses to be public policy.  Changes  the  definition  of      
   "emerging investment manager".  Effective immediately.                      
          PENSION NOTE (Illinois Pension Laws Commission)                      
          HB 4043 does not have a fiscal impact on any of Illinois's           
          Pension Systems.                                                     
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


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