Bill Status of HB 1518   98th General Assembly

Short Description:  PEN CD-CHI FIRE-GAMING FUNDS

House Sponsors
Rep. Brandon W. Phelps, Frances Ann Hurley, Patrick J. Verschoore, Daniel V. Beiser, Kelly Burke and Mike Smiddy

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/5-168from Ch. 108 1/2, par. 5-168
40 ILCS 5/6-165from Ch. 108 1/2, par. 6-165
30 ILCS 805/8.37 new

Synopsis As Introduced
Amends the Chicago Police and Firefighter Articles of the Illinois Pension Code. Provides that the city shall deposit with the city treasurer, for the benefit of each of those funds, a minimum of 20% of all proceeds collected by the city from newly established gaming revenue sources arising out of legislation enacted in 2013 or thereafter. These deposits shall continue until the stabilization of the fund has been deemed to have occurred by an independent actuarial organization mutually agreed upon by the city and employee representatives. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/7/2013HouseFiled with the Clerk by Rep. Brandon W. Phelps
  2/13/2013HouseFirst Reading
  2/13/2013HouseReferred to Rules Committee
  2/19/2013HouseAssigned to Executive Committee
  2/19/2013HouseAdded Co-Sponsor Rep. Frances Ann Hurley
  2/19/2013HouseAdded Co-Sponsor Rep. Patrick J. Verschoore
  2/19/2013HouseAdded Co-Sponsor Rep. Daniel V. Beiser
  2/25/2013HouseAdded Co-Sponsor Rep. Kelly Burke
  3/6/2013HouseAdded Co-Sponsor Rep. Mike Smiddy
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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