92nd General Assembly
Summary of HB0724
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House Sponsors:
SCHOENBERG.

Short description: 
PEN CD-RESPONSIBLE CONTRACTING                                             

Synopsis of Bill as introduced:
        Amends the General Provisions Article  of  the  Illinois  Pension      
   Code.    Requires  the  adoption  and  implementation of a responsible      
   contractor policy under which, as a condition of the investment of the      
   assets of a retirement system in real estate, the  property  owner  or      
   manager  of the real estate must demonstrate that the construction and      
   building operation contractors and subcontractors are paid fair  wages      
   and benefits.  Effective immediately.                                       
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of HB 724 cannot be determined, as returns         
          would depend on any changes made in asset allocation and the         
          resulting performance of those assests.                              
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status