Illinois General Assembly - Bill Status for HB5426

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Bill Status of HB5426 97th General Assembly

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Short Description: PEN CD-CHI FIRE-GAMING FUNDS

House Sponsors
Rep. Brandon W. Phelps

Last Action

Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/6-165

from Ch. 108 1/2, par. 6-165

30 ILCS 805/8.36 new

Synopsis As Introduced
Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides that the city shall deposit with the city treasurer for the benefit of the fund, a minimum of 20% of all proceeds collected by the city from newly established gaming revenue sources arising out of legislation enacted in 2012 or thereafter. These deposits shall continue until the stabilization of the fund has been deemed to have occurred by an independent actuarial organization mutually agreed upon by the city, employee representatives, and the board of the fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
2/9/2012	House	Filed with the Clerk by Rep. Angelo Saviano
2/15/2012	House	First Reading
2/15/2012	House	Referred to Rules Committee
2/15/2012	House	Chief Sponsor Changed to Rep. Brandon W. Phelps
1/8/2013	House	Session Sine Die

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