Illinois General Assembly - Bill Status for SB0306
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 Bill Status of SB0306  94th General Assembly


Short Description:  PEN CD-IMRF-TRANSFER FUNDS

Senate Sponsors
Sen. Iris Y. Martinez

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/7-199.4 new


Synopsis As Introduced
Amends the IMRF Article of the Illinois Pension Code. Provides that a municipality may transfer funds among its reserves, from one that is over 100% funded to one that is less, under certain circumstances. Effective immediately.

Actions 
DateChamber Action
  2/15/2005SenateFiled with Secretary by Sen. Iris Y. Martinez
  2/15/2005SenateFirst Reading
  2/15/2005SenateReferred to Rules
  1/9/2007SenateSession Sine Die

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