Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/1-109.3 new

Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Requires the adoption and implementation of a responsible contractor policy under which, as a condition of the investment of the assets of a retirement system in real estate, the property owner or manager of the real estate must demonstrate that the construction and building operation contractors and subcontractors are paid fair wages and benefits. Effective immediately.

	Pension Note (Pension Laws Commission)
	The fiscal impact of SB 517 cannot be determined, as returns would depend on any changes made in asset allocation and the resulting performance of those assets

	Fiscal Note (State Retirement Systems)
	The fiscal impact would be small.

	Fiscal Note (Department of Insurance)
	This bill would have minimal fiscal impact.

	Fiscal Note (Dept of Commerce and Community Affairs)
	No fiscal impact on DCCA. The fiscal impact on units of local government cannot be determined at this time.

Actions 

Date	Chamber	Action
2/18/2003	Senate	Filed with Secretary by Sen. Jeffrey M. Schoenberg
2/18/2003	Senate	First Reading
2/18/2003	Senate	Referred to Rules
2/26/2003	Senate	Assigned to Insurance & Pensions
2/28/2003	Senate	Pension Note Filed As Introduced
3/5/2003	Senate	To Subcommittee
3/12/2003	Senate	Added as Chief Co-Sponsor Sen. Denny Jacobs
3/13/2003	Senate	Do Pass Insurance & Pensions; 006-004-000
3/13/2003	Senate	Placed on Calendar Order of 2nd Reading March 18, 2003
3/18/2003	Senate	Fiscal Note Requested by Sen. Bill Brady
3/24/2003	Senate	Fiscal Note Filed
3/26/2003	Senate	Fiscal Note Filed Department of Insurance
3/27/2003	Senate	Fiscal Note Filed from the Illinois Department of Commerce and Community Affairs
3/27/2003	Senate	Second Reading
3/27/2003	Senate	Placed on Calendar Order of 3rd Reading April 2, 2003
4/4/2003	Senate	Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
7/1/2003	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
1/11/2005	Senate	Session Sine Die

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