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Sen. Chris Lauzen
Filed: 5/13/2009
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09600HB2557sam003 |
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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 |