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