IL HB2557 | 2009-2010 | 96th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on August 25 2009 - 100% progression
Action: 2009-08-25 - Public Act . . . . . . . . . 96-0753
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on August 25 2009 - 100% progression
Action: 2009-08-25 - Public Act . . . . . . . . . 96-0753
Text: Latest bill text (Enrolled) [HTML]
Summary
Amends the Illinois Pension Code. Provides that it is the public policy of the State of Illinois to encourage the pension funds, and any State agency investing funds on behalf of pension funds, to promote the economy of Illinois through the use of economic opportunity investments to the greatest extent feasible within the bounds of financial and fiduciary prudence. Provides that each pension fund, except pension funds created under the Downstate Police and Firefighters Articles of the Code, shall submit a report to the Governor and the General Assembly by September 1 of each year that identifies the economic opportunity investments made by the fund, the primary location of the business or project, the percentage of the fund's assets in economic opportunity investments, and the actions that the fund has undertaken to increase the use of economic opportunity investments. Requires certain pension funds, and any State agency investing funds on behalf of those pension funds, to make reasonable efforts to invest in economic opportunity investments. Effective immediately.
Title
PEN CD-ECON OPPORTUNITY INVEST
Sponsors
Roll Calls
2009-05-30 - House - Concurrence in House (Y: 117 N: 0 NV: 0 Abs: 0) [PASS]
2009-05-21 - Senate - Third Reading in Senate (Y: 54 N: 0 NV: 0 Abs: 0) [PASS]
2009-03-18 - House - Third Reading in House (Y: 116 N: 0 NV: 0 Abs: 0) [PASS]
2009-05-21 - Senate - Third Reading in Senate (Y: 54 N: 0 NV: 0 Abs: 0) [PASS]
2009-03-18 - House - Third Reading in House (Y: 116 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2009-08-25 | Public Act . . . . . . . . . 96-0753 | |
| 2009-08-25 | Effective Date August 25, 2009 | |
| 2009-08-25 | Governor Approved | |
| 2009-06-26 | Sent to the Governor | |
| 2009-05-30 | Passed Both Houses | |
| 2009-05-30 | Senate Floor Amendment No. 3 House Concurs 117-000-000 | |
| 2009-05-30 | Senate Committee Amendment No. 1 House Concurs 117-000-000 | |
| 2009-05-28 | Senate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Personnel and Pensions Committee; 010-000-000 | |
| 2009-05-28 | Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Personnel and Pensions Committee; 010-000-000 | |
| 2009-05-28 | Senate Floor Amendment No. 3 Motion to Concur Rules Referred to Personnel and Pensions Committee | |
| 2009-05-28 | Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Personnel and Pensions Committee | |
| 2009-05-27 | Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee | |
| 2009-05-27 | Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee | |
| 2009-05-27 | Senate Floor Amendment No. 3 Motion Filed Concur Rep. John E. Bradley | |
| 2009-05-27 | Senate Committee Amendment No. 1 Motion Filed Concur Rep. John E. Bradley | |
| 2009-05-21 | Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 3 | |
| 2009-05-21 | Arrived in House | |
| 2009-05-21 | Senate Committee Amendment No. 2 Tabled Pursuant to Rule 5-4(a) | |
| 2009-05-21 | Third Reading - Passed; 059-000-000 | |
| 2009-05-21 | Placed on Calendar Order of 3rd Reading | |
| 2009-05-21 | Senate Floor Amendment No. 3 Adopted; Lauzen | |
| 2009-05-21 | Recalled to Second Reading | |
| 2009-05-18 | Senate Floor Amendment No. 3 Recommend Do Adopt Pensions and Investments; 006-000-000 | |
| 2009-05-17 | Senate Floor Amendment No. 3 Assignments Refers to Pensions and Investments | |
| 2009-05-13 | Senate Floor Amendment No. 3 Referred to Assignments | |
| 2009-05-13 | Senate Floor Amendment No. 3 Filed with Secretary by Sen. Chris Lauzen | |
| 2009-05-12 | Placed on Calendar Order of 3rd Reading May 13, 2009 | |
| 2009-05-12 | Second Reading | |
| 2009-05-08 | Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments | |
| 2009-05-07 | Added as Alternate Co-Sponsor Sen. Dan Duffy | |
| 2009-05-07 | Placed on Calendar Order of 2nd Reading May 12, 2009 | |
| 2009-05-07 | Do Pass as Amended Pensions and Investments; 010-000-000 | |
| 2009-05-07 | Senate Committee Amendment No. 2 Held in Pensions and Investments | |
| 2009-05-06 | Senate Committee Amendment No. 1 Adopted | |
| 2009-05-06 | Added as Alternate Co-Sponsor Sen. Bill Brady | |
| 2009-05-06 | Senate Committee Amendment No. 2 Assignments Refers to Pensions and Investments | |
| 2009-05-05 | Senate Committee Amendment No. 2 Referred to Assignments | |
| 2009-05-05 | Senate Committee Amendment No. 2 Filed with Secretary by Sen. Chris Lauzen | |
| 2009-04-30 | Held in Pensions and Investments | |
| 2009-04-30 | Senate Committee Amendment No. 1 Held in Pensions and Investments | |
| 2009-04-28 | Senate Committee Amendment No. 1 Assignments Refers to Pensions and Investments | |
| 2009-04-27 | Senate Committee Amendment No. 1 Referred to Assignments | |
| 2009-04-27 | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ira I. Silverstein | |
| 2009-04-22 | Assigned to Pensions and Investments | |
| 2009-03-18 | Referred to Assignments | |
| 2009-03-18 | First Reading | |
| 2009-03-18 | Chief Senate Sponsor Sen. Ira I. Silverstein | |
| 2009-03-18 | Placed on Calendar Order of First Reading | |
| 2009-03-18 | Arrive in Senate | |
| 2009-03-18 | Third Reading - Short Debate - Passed 116-000-000 | |
| 2009-03-17 | Placed on Calendar Order of 3rd Reading - Short Debate | |
| 2009-03-17 | Second Reading - Short Debate | |
| 2009-03-12 | Placed on Calendar 2nd Reading - Short Debate | |
| 2009-03-12 | Do Pass / Short Debate Personnel and Pensions Committee; 007-000-000 | |
| 2009-02-25 | Assigned to Personnel and Pensions Committee | |
| 2009-02-20 | Referred to Rules Committee | |
| 2009-02-20 | First Reading | |
| 2009-02-20 | Filed with the Clerk by Rep. John E. Bradley |
