Bill Status of SB 3162   96th General Assembly

Short Description:  PEN CD-FUND-OF-FUND MANAGEMT

Senate Sponsors
Sen. Don Harmon-Kirk W. Dillard

House Sponsors
(Rep. Lou Lang-Elaine Nekritz-Barbara Flynn Currie-Karen May, William D. Burns and Karen A. Yarbrough)


Last Action  View All Actions

DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-113.14
40 ILCS 5/1-113.15 new

Synopsis As Introduced
Amends the Illinois Pension Code. Requires that a description of every contract for qualified fund-of-fund management services must be posted in a conspicuous manner on the web site of the retirement system, pension fund, or investment board and must include the name of the fund-of-funds, the name of its investment adviser, the total investment commitment of the retirement system, pension fund, or investment board to invest in such fund-of-funds, and a disclosure approved by the board describing the factors that contributed to the investment in such fund-of-funds. Effective immediately.

House Committee Amendment No. 1
Deletes reference to:
40 ILCS 5/1-113.15 new

Replaces everything after the enacting clause. Amends the Illinois Pension Code. Makes a technical change in a Section concerning investment services for retirement systems, pension funds, and investment boards, except those funds established under Articles 3 and 4 of the Code.

Actions 
DateChamber Action
  2/9/2010SenateFiled with Secretary by Sen. Don Harmon
  2/9/2010SenateFirst Reading
  2/9/2010SenateReferred to Assignments
  2/24/2010SenateAssigned to Executive
  3/3/2010SenateAdded as Chief Co-Sponsor Sen. Kirk W. Dillard
  3/8/2010SenateDo Pass Executive; 012-000-000
  3/8/2010SenatePlaced on Calendar Order of 2nd Reading March 9, 2010
  3/11/2010SenateSecond Reading
  3/11/2010SenatePlaced on Calendar Order of 3rd Reading March 12, 2010
  3/12/2010SenateThird Reading - Passed; 052-000-000
  3/12/2010HouseArrived in House
  3/16/2010HouseChief House Sponsor Rep. Lou Lang
  3/16/2010HousePlaced on Calendar Order of First Reading
  3/16/2010HouseFirst Reading
  3/16/2010HouseReferred to Rules Committee
  3/19/2010HouseAdded Alternate Chief Co-Sponsor Rep. William D. Burns
  3/23/2010HouseAlternate Chief Co-Sponsor Removed Rep. William D. Burns
  3/23/2010HouseAdded Alternate Co-Sponsor Rep. William D. Burns
  3/23/2010HouseAdded Alternate Chief Co-Sponsor Rep. Elaine Nekritz
  3/23/2010HouseAlternate Chief Co-Sponsor Changed to Rep. Elaine Nekritz
  3/23/2010HouseAdded Alternate Chief Co-Sponsor Rep. Julie Hamos
  4/8/2010HouseAdded Alternate Co-Sponsor Rep. Karen A. Yarbrough
  11/10/2010HouseFinal Action Deadline Extended-9(b) January 11, 2011
  11/10/2010HouseAssigned to State Government Administration Committee
  11/16/2010HouseHouse Committee Amendment No. 1 Filed with Clerk by State Government Administration Committee
  11/16/2010HouseHouse Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote
  11/16/2010HouseDo Pass as Amended / Short Debate State Government Administration Committee; 010-005-000
  11/16/2010HousePlaced on Calendar 2nd Reading - Short Debate
  11/17/2010HouseSecond Reading - Short Debate
  11/17/2010HouseHeld on Calendar Order of Second Reading - Short Debate
  11/17/2010HouseAlternate Chief Co-Sponsor Changed to Rep. Barbara Flynn Currie
  11/17/2010HouseAdded Alternate Chief Co-Sponsor Rep. Karen May
  11/29/2010HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Lou Lang
  11/29/2010HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  11/30/2010HouseHouse Floor Amendment No. 2 Rules Refers to State Government Administration Committee
  11/30/2010HouseHouse Floor Amendment No. 2 Recommends Be Adopted State Government Administration Committee; 016-001-000
  1/12/2011SenateSession Sine Die

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