Illinois General Assembly - Bill Status for HB0871

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Bill Status of HB0871 96th General Assembly

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Short Description: PEN CD-INVESTMENT LIMITATION

House Sponsors
Rep. Jim Watson

Last Action

Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/1-111

from Ch. 108 1/2, par. 1-111

Synopsis As Introduced
Amends the Illinois Pension Code. Provides that a retirement system or pension fund established under the Downstate Police or Downstate Firefighters Article may not acquire a security issued by an employer of employees covered by any retirement system or pension fund under those Articles, including itself, if immediately after such acquisition, the aggregate fair market value of all such employer securities held by the retirement system or pension fund exceeds 10% of the fair market value of the assets of the retirement system or pension fund. Effective immediately.

Actions

Date	Chamber	Action
2/10/2009	House	Filed with the Clerk by Rep. Jim Watson
2/10/2009	House	First Reading
2/10/2009	House	Referred to Rules Committee
2/18/2009	House	Assigned to Personnel and Pensions Committee
3/13/2009	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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