Illinois General Assembly - Bill Status for HB1253
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 Bill Status of HB1253  95th General Assembly


Short Description:  PEN CD-INVESTMENT LIMITATION

House Sponsors
Rep. Jim Watson

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-111from Ch. 108 1/2, par. 1-111


Synopsis As Introduced
Amends the Illinois Pension Code. Provides that a retirement system or pension fund established under the Downstate Police, Downstate Firefighters, or Illinois Municipal Retirement Fund Article may not acquire a security issued by an employer of employees covered by any retirement system or pension fund under any of those Articles, including itself, if immediately after such acquisition, the aggregate fair market value of all such employer securities held by the retirement system or pension fund exceeds 10% of the fair market value of the assets of the retirement system or pension fund. Effective immediately.

House Floor Amendment No. 1
Removes references to the Illinois Municipal Retirement Fund Article (Article 7) from the bill.

Actions 
DateChamber Action
  2/13/2007HouseFiled with the Clerk by Rep. Jim Watson
  2/15/2007HouseFirst Reading
  2/15/2007HouseReferred to Rules Committee
  2/20/2007HouseAssigned to Executive Committee
  3/6/2007HouseRe-assigned to Personnel and Pensions Committee
  3/22/2007HouseDo Pass / Short Debate Personnel and Pensions Committee; 004-000-000
  3/22/2007HousePlaced on Calendar 2nd Reading - Short Debate
  3/28/2007HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Jim Watson
  3/28/2007HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/16/2007HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000
  4/24/2007HouseSecond Reading - Short Debate
  4/24/2007HouseHouse Floor Amendment No. 1 Adopted by Voice Vote
  4/24/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/27/2007HouseThird Reading/Final Action Deadline Extended-9(b) May 3, 2007
  5/3/2007HouseThird Reading/Final Action Deadline Extended-9(b) May 10, 2007
  5/10/2007HouseThird Reading/Final Action Deadline Extended-9(b) May 18, 2007
  5/15/2007HouseThird Reading - Short Debate - Passed 114-000-000
  5/16/2007SenateArrive in Senate
  5/16/2007SenatePlaced on Calendar Order of First Reading May 17, 2007
  1/13/2009HouseSession Sine Die

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