Full Text of HB2460 101st General Assembly
HB2460sam001 101ST GENERAL ASSEMBLY | Sen. Iris Y. Martinez Filed: 4/29/2019
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| 1 | | AMENDMENT TO HOUSE BILL 2460
| 2 | | AMENDMENT NO. ______. Amend House Bill 2460 as follows: | 3 | | on page 1, immediately below line 22, by inserting the | 4 | | following:
| 5 | | ""Financial institution" means a bank, savings bank, or | 6 | | credit union established under the laws of the State of | 7 | | Illinois, another state, or the United States of America."; and | 8 | | on page 3, lines 3 and 9, by replacing "shall" each time it | 9 | | appears with "should"; and | 10 | | on page 3, by replacing line 13 with "decisions. Such factors | 11 | | may include, but are not limited to:"; and | 12 | | on page 3, line 25, after "factors", by inserting "may"; and |
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| 1 | | on page 5, lines 18 and 19, by replacing "bank" each time it | 2 | | appears with "financial institution"; and | 3 | | on page 8, line 23, by replacing " and " with "and"; and | 4 | | on page 8, by replacing line 25 with "interest."; and | 5 | | by replacing line 26 on page 8 through line 7 on page 9 with the | 6 | | following: | 7 | | " (a-5) The investment policy shall include a statement that | 8 | | material, relevant, and decision-useful sustainability factors | 9 | | have been or are regularly considered by the agency, within the | 10 | | bounds of financial and fiduciary prudence, in evaluating | 11 | | investment decisions. Such factors include, but are not limited | 12 | | to: (i) corporate governance and leadership factors; (ii) | 13 | | environmental factors; (iii) social capital factors; (iv) | 14 | | human capital factors; and (v) business model and innovation | 15 | | factors, as provided under the Illinois Sustainable Investing | 16 | | Act. "; and | 17 | | on page 10, by replacing lines 4 through 6 with the following: | 18 | | " The investment policy shall include a statement that | 19 | | material, relevant, and decision-useful sustainability factors | 20 | | have been or are regularly considered by the board, within the |
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| 1 | | bounds of financial and fiduciary prudence, in evaluating | 2 | | investment decisions. Such factors include, but are ".
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