92nd General Assembly
Summary of SB2181
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Senate Sponsors:
OBAMA.

Short description: 
PEN CD-IMRF-INVESTMNT MANAGERS                                             

Synopsis of Bill as introduced:
        Amends the Illinois Municipal Retirement Fund (IMRF)  Article  of      
   the  Illinois  Pension  Code.   Provides that the Board shall have the      
   power and duty to use  emerging  investment  managers,  minority-owned      
   investment  businesses,  female-owned businesses, and businesses owned      
   by persons with disabilities in managing the Fund's assets.   Declares      
   that  it  is  the  public  policy of the State to encourage the use of      
   those managers and businesses.  Requires the Fund to submit an  annual      
   report to the General Assembly that identifies the emerging investment      
   managers,  minority-owned  businesses,  female-owned  businesses,  and      
   businesses  owned  by  persons with disabilities used by the Fund, the      
   percentage of the Fund's assets under the control  of  those  managers      
   and businesses, and the actions the Fund has taken to increase the use      
   of those managers and businesses.  Effective immediately.                   
          PENSION NOTE (Pension Laws Commission)                               
          SB 2181 does not have a fiscal impact.                               
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


   END OF INQUIRY 



 Full Text  Bill Status