Sen. Chris Lauzen
Filed: 5/13/2009
 
 

 




 

 		












09600HB2557sam003

LRB096 09754 AMC 26693 a






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AMENDMENT TO HOUSE BILL 2557 




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    AMENDMENT NO. ______. Amend House Bill 2557, on page 1, 
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line 5, by replacing "Section 1A-108.5" with "Sections 1-113.20 
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and 1A-108.5"; and

 
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on page 1, immediately below line 5, by inserting the 
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following:
 
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    "(40 ILCS 5/1-113.20  new)
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    Sec. 1-113.20. Investment strategies; explicit and 
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implicit costs. Every pension fund, retirement system, and 
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investment board created under this Code, except those whose 
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investments are restricted by Section 1-113.2 of this Code, 
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shall instruct the fund's, system's, or board's investment 
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advisors to utilize investment strategies designed to ensure 
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that all securities transactions are executed in such a manner 
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that the total explicit and implicit costs and total proceeds 
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in every transaction are the most favorable under the 
 


 






09600HB2557sam003
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LRB096 09754 AMC 26693 a




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circumstances.".