Illinois General Assembly - Bill Status for SB1581
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 Bill Status of SB1581  97th General Assembly


Short Description:  PEN CD-CHICAGO PARKS-TAX LEVY

Senate Sponsors
Sen. Mike Jacobs

Last Action
DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/12-149from Ch. 108 1/2, par. 12-149


Synopsis As Introduced
Amends the Chicago Park District Article of the Illinois Pension Code. Provides that, beginning with the year 2013 and in each year thereafter, the Chicago Park District Board of Park Commissioners shall levy a tax annually upon all taxable property embraced in the district at a rate that will produce a sum that, when added to the amounts deducted from the salaries of the employees or otherwise contributed by them, and revenues from other sources, will equal a sum sufficient to meet the annual actuarial requirements of the pension fund, as determined by a qualified actuary retained by that fund.

Actions 
DateChamber Action
  2/9/2011SenateFiled with Secretary by Sen. Mike Jacobs
  2/9/2011SenateFirst Reading
  2/9/2011SenateReferred to Assignments
  2/23/2011SenateAssigned to Pensions and Investments
  3/3/2011SenatePostponed - Pensions and Investments
  3/10/2011SenatePostponed - Pensions and Investments
  3/17/2011SenatePostponed - Pensions and Investments
  3/18/2011SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

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