Bill Title: Amends the General Provisions Article of the Illinois Pension Code. In a provision requiring a retirement system, pension fund, or investment board to adopt a policy setting forth goals for the utilization of emerging investment managers, provides that the goals established shall be based on the total dollar amount of fees paid under (instead of the total dollar amount of) investment contracts let to minority-owned businesses, women-owned businesses, and businesses owned by a person with a disability. Makes related changes. Requires the goals to be established on or before January 1, 2021. Provides that it shall be the aspirational goal for a retirement system, pension fund, or investment board subject to the Code to use emerging investment managers for not less than 20% of the fees paid in each asset class (instead of 20% of the total funds under management). Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2021-01-13 - Session Sine Die [SB3749 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2020-02-14	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3749

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3749 currently on file.

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