Bill Status of HB 829   96th General Assembly


Short Description:  PEN CD-PERMITTED INVESTMENTS

House Sponsors
Rep. Karen May-Kathleen A. Ryg-Sidney H. Mathias

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-113.4

Synopsis As Introduced
Amends the Illinois Pension Code. In provisions concerning permitted investments for pension funds with net assets of $5,000,000 or more, (i) increases the amount of net assets that the pension fund must have for the provisions to apply from $5,000,000 or more to $10,000,000 or more, (ii) removes provisions requiring that securities are of a corporation created or existing under the laws of the United States or any state, district, or territory thereof and that the issuer of the stocks has been subject to the requirements of Section 12 of the federal Securities Exchange Act of 1934 and has been current with the filing requirements of specified Sections of that Act during the preceding 3 years, and (iii) increases the maximum percentage of the market value of the pension fund's net present assets in certain investments. Effective immediately.

Actions 
DateChamber Action
  2/9/2009HouseFiled with the Clerk by Rep. Karen May
  2/9/2009HouseFirst Reading
  2/9/2009HouseReferred to Rules Committee
  2/11/2009HouseAssigned to Executive Committee
  3/3/2009HouseAdded Chief Co-Sponsor Rep. Kathleen A. Ryg
  3/3/2009HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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