IL HB3634 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 15 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the General Provisions and Downstate Police Articles of the Illinois Pension Code. Removes provisions specifying, based on the net assets of the downstate police pension fund, types of investments that a downstate police pension fund may make. Removes certain limitations on the percentage of a downstate police pension fund's net assets that may be invested in certain types of investments. Provides that the board of a downstate police pension fund shall invest funds with the care, skill, prudence, and diligence that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character with like aims. Makes conforming changes. Effective immediately.

Tracking Information

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Title

PEN CD-DNST POLICE-INVEST

Sponsors


History

DateChamberAction
2019-03-29HouseRule 19(a) / Re-referred to Rules Committee
2019-03-05HouseAssigned to Executive Committee
2019-02-15HouseReferred to Rules Committee
2019-02-15HouseFirst Reading
2019-02-15HouseFiled with the Clerk by Rep. William Davis

Code Citations

ChapterArticleSectionCitation TypeStatute Text
4051-109.1Amended CodeCitation Text
4051-110Amended CodeCitation Text
4051-113.1Amended CodeCitation Text
4051-113.14Amended CodeCitation Text
4051-113.16Amended CodeCitation Text
4051-113.2Amended CodeCitation Text
4051-113.20Amended CodeCitation Text
4051-113.3Amended CodeCitation Text
4051-113.4Amended CodeCitation Text
4051-113.4aAmended CodeCitation Text
4051-150Amended CodeCitation Text
4053-135Amended CodeCitation Text

Illinois State Sources


Bill Comments

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