Illinois Senate Bill 1583 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Cook County Article of the Illinois Pension Code. Deletes a prohibition on the use of county funds, other than those funds raised by the tax levied by the county under that Article, in order to make the required contribution by the county. Provides that, in lieu of levying all or a portion of the required tax in any year, the county may deposit with the county treasurer no later than March 1 of that year for the benefit of the Cook County Employees' and Officers' Annuity and Benefit Fund an amount that, together with the levied tax for that year, is not less than the amount of the county's contribution for that year, as certified to the county board by the Board of Trustees of the Cook County Employees' and Officers' Annuity and Benefit Fund. Authorizes the deposit to be derived from any source legally available for that purpose, including, but not limited to, the proceeds of county borrowings. Provides that such a deposit shall, to the extent of the amounts so deposited, satisfy the requirement to levy a tax for that year. Limits the concurrent exercise of home rule powers. Effective immediately.

PEN CD-COOK CTY-FUND DEPOSIT

Sen. Mike Jacobs [D]

Date	Chamber	Action
2013-01-08	Senate	Session Sine Die
2011-03-18	Senate	Rule 3-9(a) / Re-referred to Assignments
2011-03-17	Senate	Postponed - Pensions and Investments
2011-03-10	Senate	Postponed - Pensions and Investments
2011-03-02	Senate	Assigned to Pensions and Investments
2011-02-09	Senate	Referred to Assignments
2011-02-09	Senate	First Reading
2011-02-09	Senate	Filed with Secretary by Sen. Mike Jacobs

Chapter	Article	Section	Citation Type	Statute Text
40	5	9-169	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1583&GAID=11&DocTypeID=SB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/SB/09700SB1583.htm