Illinois General Assembly - Bill Status for HB4685
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 Bill Status of HB4685  94th General Assembly

Short Description:  PENCD-PERMITTED INVESTMENTS

House Sponsors
Rep. Robert Rita

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-113.2
40 ILCS 5/1-113.3
40 ILCS 5/1-113.4
40 ILCS 5/1-113.5


Synopsis As Introduced
Amends the Illinois Pension Code. Increases the percentage of certain separate accounts and certain mutual funds in which a downstate police or downstate firefighter pension fund may invest. Makes changes in the types of mutual funds in which a downstate police or downstate firefighter pension fund may invest. Allows downstate police and downstate firefighter pension funds to invest a portion of their assets in exchange traded funds comprised of diversified portfolios of common or preferred stocks and bonds. Allows downstate police and downstate firefighter pension funds that have assets of at least $5,000,000 and have appointed an investment adviser to invest a portion of their assets in nonconvertible investment grade corporate bonds and American depository receipts.

Actions 
DateChamber Action
  1/12/2006HouseFiled with the Clerk by Rep. Robert Rita
  1/12/2006HouseFirst Reading
  1/12/2006HouseReferred to Rules Committee
  1/9/2007HouseSession Sine Die

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