Illinois General Assembly - Bill Status for HB3693
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 Bill Status of HB3693  93rd General Assembly

Short Description:  PEN CD-INVESTMENT OPTIONS

House Sponsors
Rep. John J. Millner

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-113.2


Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Provides that Article 3 and Article 4 funds may invest in exchange-traded funds. Provides that an Article 3 or Article 4 fund that has appointed an investment advisor may, through that investment advisor, invest a portion of its assets in debt obligations of corporations that meet certain requirements. Effective immediately.

 Pension Note (Pension Laws Commission)
 The fiscal impact of HB 3693 cannot be determined. The fiscal impact would depend on the number of Downstate Police and Firefighters' pension funds that choose to change their investment allocation and the subsequent performance of those investments.

Actions 
DateChamber Action
  2/28/2003HouseFiled with the Clerk by Rep. John J. Millner
  2/28/2003HouseFirst Reading
  2/28/2003HouseReferred to Rules Committee
  3/5/2003HouseAssigned to Executive Committee
  3/11/2003HousePension Note Filed
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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