Illinois General Assembly - Bill Status for SB3945
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 Bill Status of SB3945  102nd General Assembly

Short Description:  PEN CD-ART 3 & 4 INVESTMENTS

Senate Sponsors
Sen. Chris Lauzen

Last Action
DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-113.1
30 ILCS 805/8.34 new

Synopsis As Introduced
Amends the Illinois Pension Code. Provides that no more than 30% of a downstate police or downstate fire pension fund's assets may be invested in debt obligations of corporations subject to specified conditions. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

DateChamber Action
  9/16/2010SenateFiled with Secretary by Sen. Chris Lauzen
  9/16/2010SenateFirst Reading
  9/16/2010SenateReferred to Assignments
  1/12/2011SenateSession Sine Die

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