Bill Status of HB5495  97th General Assembly

Short Description:  DEFINED CONTRIB PLANS-PRUDENCE

House Sponsors
Rep. Elaine Nekritz, Lou Lang, Karen May and Sidney H. Mathias

Senate Sponsors
(Sen. Susan Garrett)

Last Action
DateChamber Action
  1/25/2013HousePublic Act . . . . . . . . . 97-1154

Statutes Amended In Order of Appearance
30 ILCS 805/8.36 new
55 ILCS 5/Div. 6-35 heading new
55 ILCS 5/6-35000 new
65 ILCS 5/8-1-20 new
105 ILCS 5/10-20.55 new


Synopsis As Introduced
Amends the State Mandates Act. Provides that nothing in the amendatory Act shall override the process established under the provision of the School Code concerning the prohibition against unfunded mandates. Amends the Counties Code and Illinois Municipal Code to provide that beginning January 1, 2015, if a county or municipality offers a 457(b) plan to its officers, employees, or both, or makes contributions to such a plan on behalf of its officers, employees, or both, then that county or municipality, and the persons acting under its authority, must act in accordance with the prudent investor rule when making plan-related decisions. Limits the concurrent exercise of home rule powers. Amends the School Code to provide that beginning January 1, 2015, if a school board other than the Chicago Board of Education offers a 403(b) or 457(b) plan to its officers, employees, or both, or makes contributions to such a plan on behalf of its officers, employees, or both, then that school board, and the persons acting under its authority, must act in accordance with the prudent investor rule when making plan-related decisions.

 State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity)
 This bill does not create a State mandate.

 Home Rule Note (Dept. of Commerce & Economic Opportunity)
 This bill does pre-empt home rule authority.

 Fiscal Note (Commission on Gov. Forecasting & Accountability)
 There is no discernible fiscal impact associated with HB 5495.

 Fiscal Note (Dept. of Revenue)
 HB 5495 will have no fiscal impact on State revenues.

Senate Committee Amendment No. 1
Deletes reference to:
30 ILCS 805/8.36 new
55 ILCS 5/Div. 6-35 heading new
55 ILCS 5/6-35000 new
65 ILCS 5/8-1-20 new
105 ILCS 5/10-20.55 new
Adds reference to:
55 ILCS 5/1-1001from Ch. 34, par. 1-1001

Deletes everything after the enacting clause. Amends the Counties Code. Makes a technical change in the short title Section.

Senate Floor Amendment No. 5
Adds reference to:
35 ILCS 200/18-185

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for levy year 2012, the aggregate extension base for West Northfield School District No. 31 in Cook County shall be $12,654,592. Provides that the bill is effective immediately.

Actions 
DateChamber Action
  2/10/2012HouseFiled with the Clerk by Rep. Elaine Nekritz
  2/15/2012HouseFirst Reading
  2/15/2012HouseReferred to Rules Committee
  2/27/2012HouseAssigned to Personnel and Pensions Committee
  3/8/2012HouseDo Pass / Short Debate Personnel and Pensions Committee; 008-000-000
  3/9/2012HousePlaced on Calendar 2nd Reading - Short Debate
  3/22/2012HouseAdded Chief Co-Sponsor Rep. Jack D. Franks
  3/22/2012HouseAdded Chief Co-Sponsor Rep. Keith Farnham
  3/22/2012HouseAdded Chief Co-Sponsor Rep. Carol A. Sente
  3/22/2012HouseAdded Chief Co-Sponsor Rep. Linda Chapa LaVia
  3/22/2012HouseRemove Chief Co-Sponsor Rep. Jack D. Franks
  3/22/2012HouseRemove Chief Co-Sponsor Rep. Keith Farnham
  3/22/2012HouseRemove Chief Co-Sponsor Rep. Carol A. Sente
  3/22/2012HouseRemove Chief Co-Sponsor Rep. Linda Chapa LaVia
  3/26/2012HouseAdded Co-Sponsor Rep. Lou Lang
  3/27/2012HouseFiscal Note Requested by Rep. Ed Sullivan, Jr.
  3/27/2012HouseState Mandates Fiscal Note Requested by Rep. Ed Sullivan, Jr.
  3/27/2012HouseHome Rule Note Requested by Rep. Ed Sullivan, Jr.
  3/27/2012HouseAdded Co-Sponsor Rep. Karen May
  3/27/2012HouseSecond Reading - Short Debate
  3/27/2012HouseHeld on Calendar Order of Second Reading - Short Debate
  3/28/2012HouseState Mandates Fiscal Note Filed
  3/28/2012HouseHome Rule Note Filed
  3/28/2012HouseFiscal Note Filed
  3/29/2012HouseFiscal Note Filed
  3/29/2012HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/29/2012HouseAdded Co-Sponsor Rep. Sidney H. Mathias
  3/29/2012HouseThird Reading - Short Debate - Passed 109-000-000
  3/30/2012SenateArrive in Senate
  3/30/2012SenatePlaced on Calendar Order of First Reading
  3/30/2012SenateChief Senate Sponsor Sen. Susan Garrett
  3/30/2012SenateFirst Reading
  3/30/2012SenateReferred to Assignments
  4/11/2012SenateAssigned to Pensions and Investments
  4/18/2012SenateHeld in Pensions and Investments
  5/2/2012SenatePostponed - Pensions and Investments
  5/4/2012SenateRule 2-10 Committee Deadline Established As May 25, 2012
  5/7/2012SenateAlternate Chief Sponsor Changed to Sen. Don Harmon
  5/9/2012SenateHeld in Pensions and Investments
  5/10/2012SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
  5/10/2012SenateSenate Committee Amendment No. 1 Referred to Assignments
  5/15/2012SenateSenate Committee Amendment No. 1 Assignments Refers to Pensions and Investments
  5/16/2012SenateSenate Committee Amendment No. 1 Adopted
  5/16/2012SenateDo Pass as Amended Pensions and Investments; 007-002-000
  5/16/2012SenatePlaced on Calendar Order of 2nd Reading May 17, 2012
  5/18/2012SenateSecond Reading
  5/18/2012SenatePlaced on Calendar Order of 3rd Reading May 21, 2012
  5/22/2012SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon
  5/22/2012SenateSenate Floor Amendment No. 2 Referred to Assignments
  5/22/2012SenateSenate Floor Amendment No. 2 Assignments Refers to Pensions and Investments
  5/23/2012SenateSenate Floor Amendment No. 2 Postponed - Pensions and Investments
  5/25/2012SenateRule 2-10 Third Reading Deadline Established As May 31, 2012
  5/30/2012SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Don Harmon
  5/30/2012SenateSenate Floor Amendment No. 3 Referred to Assignments
  5/30/2012SenateSenate Floor Amendment No. 4 Filed with Secretary by Sen. Don Harmon
  5/30/2012SenateSenate Floor Amendment No. 4 Referred to Assignments
  5/30/2012SenateSenate Floor Amendment No. 3 Assignments Refers to Executive
  5/30/2012SenateSenate Floor Amendment No. 2 Assignments Refers to Assignments
  5/30/2012SenateSenate Floor Amendment No. 2 Assignments Refers to Executive
  5/31/2012SenateSenate Floor Amendment No. 4 Assignments Refers to Executive
  5/31/2012SenateSenate Floor Amendment No. 2 Recommend Do Adopt Executive; 011-002-000
  5/31/2012SenateSenate Floor Amendment No. 3 Recommend Do Adopt Executive; 011-002-000
  5/31/2012SenateSenate Floor Amendment No. 4 Recommend Do Adopt Executive; 011-002-000
  7/1/2012SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  7/1/2012SenateSenate Floor Amendment No. 2 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b).
  7/1/2012SenateSenate Floor Amendment No. 3 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b).
  7/1/2012SenateSenate Floor Amendment No. 4 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b).
  1/2/2013SenateApproved for Consideration Assignments
  1/2/2013SenatePlaced on Calendar Order of 3rd Reading January 3, 2013
  1/2/2013SenateSenate Floor Amendment No. 5 Filed with Secretary by Sen. Susan Garrett
  1/2/2013SenateSenate Floor Amendment No. 5 Referred to Assignments
  1/2/2013SenateSenate Floor Amendment No. 5 Assignments Refers to Revenue
  1/2/2013SenateSenate Floor Amendment No. 2 Be Approved for Consideration Assignments
  1/2/2013SenateSenate Floor Amendment No. 3 Be Approved for Consideration Assignments
  1/2/2013SenateSenate Floor Amendment No. 4 Be Approved for Consideration Assignments
  1/2/2013SenateRule 2-10 Third Reading Deadline Established As January 8, 2013
  1/3/2013SenateSenate Floor Amendment No. 5 Recommend Do Adopt Revenue; 006-003-000
  1/3/2013SenateAlternate Chief Sponsor Changed to Sen. Susan Garrett
  1/3/2013SenateRecalled to Second Reading
  1/3/2013SenateSenate Floor Amendment No. 2 Withdrawn by Sen. Don Harmon
  1/3/2013SenateSenate Floor Amendment No. 3 Withdrawn by Sen. Don Harmon
  1/3/2013SenateSenate Floor Amendment No. 4 Withdrawn by Sen. Don Harmon
  1/3/2013SenateSenate Floor Amendment No. 5 Adopted; Garrett
  1/3/2013SenatePlaced on Calendar Order of 3rd Reading
  1/3/2013SenateThird Reading - Passed; 037-015-000
  1/4/2013HouseArrived in House
  1/4/2013HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1, 5
  1/4/2013HouseChief Sponsor Changed to Rep. John E. Bradley
  1/6/2013HouseChief Sponsor Changed to Rep. Elaine Nekritz
  1/6/2013HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Elaine Nekritz
  1/6/2013HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
  1/6/2013HouseSenate Floor Amendment No. 5 Motion Filed Concur Rep. Elaine Nekritz
  1/6/2013HouseSenate Floor Amendment No. 5 Motion to Concur Referred to Rules Committee
  1/6/2013HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-001-000
  1/6/2013HouseSenate Floor Amendment No. 5 Motion to Concur Recommends Be Adopted Rules Committee; 003-001-000
  1/8/2013HouseSenate Committee Amendment No. 1 House Concurs 080-030-001
  1/8/2013HouseSenate Floor Amendment No. 5 House Concurs 080-030-001
  1/8/2013HouseHouse Concurs
  1/8/2013HousePassed Both Houses
  1/11/2013HouseSent to the Governor
  1/25/2013HouseGovernor Approved
  1/25/2013HouseEffective Date January 25, 2013
  1/25/2013HousePublic Act . . . . . . . . . 97-1154