Bill Title: Creates the Illinois Sustainable Investing Act. Provides that any public agency or governmental unit shall develop, publish, and implement sustainable investment policies applicable to the management of all public funds under its control. Provides that the sustainable investment policy may be incorporated in existing investment policies developed, published, and implemented by a public agency or governmental unit. Provides that the sustainable investment policy shall include material, relevant, and decision-useful sustainability factors to be applied by the public agency or governmental unit in evaluating investment decisions. Provides that a public agency shall prudently integrate sustainability factors into its investment decision-making, investment analysis, portfolio construction, due diligence, and investment ownership in order to maximize anticipated financial returns, minimize projected risk, and more effectively execute its fiduciary duty. Specifies sustainability factors, and the ways in which such factors may be analyzed. Amends the Deposit of State Moneys Act, the Public Funds Investment Act, and the Illinois Pension Code to make changes concerning investment policy and the Illinois Sustainable Investing Act. Provides findings and purpose provisions. Defines terms.
Spectrum: Partisan Bill (Democrat 16-0)
Status: (Passed) 2019-08-23 - Public Act . . . . . . . . . 101-0473
[HB2460 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Chaptered | 2019-08-27 | HTML/Text | Link | View |
| Enrolled | 2019-05-30 | HTML/Text | Link | View |
| Engrossed | 2019-03-19 | HTML/Text | Link | View |
| Introduced | 2019-02-13 | HTML/Text | Link | View |
Amendments
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois HB2460 currently on file. |
Social Comments on IL HB2460
