Illinois General Assembly - Full Text of SB1621
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Full Text of SB1621  95th General Assembly

SB1621ham002 95TH GENERAL ASSEMBLY

Rep. Lou Lang

Filed: 5/28/2007

 

 


 

 


 
09500SB1621ham002 LRB095 10598 AMC 37113 a

1
AMENDMENT TO SENATE BILL 1621

2     AMENDMENT NO. ______. Amend Senate Bill 1621, AS AMENDED,
3 with reference to page and line numbers of House Amendment No.
4 1, on page 4, lines 15 through 17, by deleting ", as well as
5 facilitating such activities, including, providing supplies or
6 services in support of such activities"; and
 
7 on page 4, line 21, after "oil;", by inserting " and"; and
 
8 on page 4, by replacing lines 22 through 24 with the following:
9 "pipeline, refinery, or other oil-field infrastructure. The
10 mere"; and
 
11 on page 5, lines 19 and 20, by replacing "or assets linked to"
12 with "produced in or assets located in"; and
 
13 on page 5, line 22, by replacing "or assets linked to" with
14 "produced in or assets located in"; and
 

 

 

09500SB1621ham002 - 2 - LRB095 10598 AMC 37113 a

1 on page 6, line 2, by deleting "with actual knowledge,"; and
 
2 on page 8, on lines 8 through 10, by deleting ", as well as
3 facilitating such activities, including, providing supplies or
4 services in support of such activities"; and
 
5 on page 8, line 14, after "oil;", by inserting " and"; and
 
6 on page 8, by replacing lines 15 through 17 with the following:
7 "pipeline, refinery, or other oil-field infrastructure. The
8 mere"; and
 
9 on page 9, immediately below line 4, by inserting the
10 following:
11     ""Scrutinized business operations" means business
12 operations that have caused a company to become a scrutinized
13 company."; and
 
14 on page 9, lines 12 and 13, by replacing "or assets linked to"
15 with "produced in or assets located in"; and
 
16 on page 9, line 15, by replacing "or assets linked to" with
17 "produced in or assets located in"; and
 
18 on page 9, line 21, by deleting "with actual knowledge,"; and
 

 

 

09500SB1621ham002 - 3 - LRB095 10598 AMC 37113 a

1 on page 10, by replacing lines 9 through 13 with the following:
2 "system has direct or indirect holdings.
3     These efforts shall include the following, as appropriate
4 in the retirement system's judgment:
5         (1) reviewing and relying on publicly available"; and
 
6 on page 11, line 6, by replacing "quarterly" with "annually";
7 and
 
8 on page 11, line 10, by deleting "immediately"; and
 
9 on page 15, line 8, by replacing "such" with "fiduciary duties
10 under this Article and any"; and
 
11 on page 15, lines 13 and 14, by deleting "certain" each time it
12 appears; and
 
13 on page 15, by replacing lines 16 through 20 with the
14 following:
15 "evidence shows that the value of investments in scrutinized
16 companies with active scrutinized business operations becomes
17 equal to or less than 0.5% of the market value of all assets
18 under management by the retirement system. Cessation of"; and
 
19 on page 16, lines 15 and 16, by replacing "upon becoming law"

 

 

09500SB1621ham002 - 4 - LRB095 10598 AMC 37113 a

1 with "on January 1, 2008".