IL SB0032 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Pension Code. Provides that no more than 30% of a downstate police or downstate fire pension fund's assets may be invested in debt obligations of corporations subject to specified conditions. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Title
PEN CD-ART 3 & 4 INVESTMENTS
Sponsors
History
| 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 |
| 2011-03-03 | Senate | Postponed - Pensions and Investments |
| 2011-01-27 | Senate | Assigned to Pensions and Investments |
| 2011-01-27 | Senate | Referred to Assignments |
| 2011-01-27 | Senate | First Reading |
| 2011-01-27 | Senate | Filed with Secretary by Sen. Chris Lauzen |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 30 | 805 | 8.35 | New Code | See Bill Text |
| 40 | 5 | 1-113.1 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=32&GAID=11&DocTypeID=SB&SessionID=84&GA=97 |
| Text | https://www.ilga.gov/legislation/97/SB/09700SB0032.htm |
