Illinois General Assembly - Bill Status for HB5059

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Bill Status of HB5059 96th General Assembly

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Short Description: PEN CD-INVESTMT-DERIVATIVES

House Sponsors
Rep. Kevin Joyce

Last Action

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

Statutes Amended In Order of Appearance

40 ILCS 5/1-110.16 new

30 ILCS 805/8.34 new

Synopsis As Introduced
Amends the Illinois Pension Code. Provides that a retirement system or pension fund may not invest in any funds that trade derivatives in off markets or non-open markets, and if a retirement system or pension fund is investing in such a fund on the effective date, then the retirement system or pension fund must divest the retirement system's interest in the fund within one year after the effective date. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
1/25/2010	House	Filed with the Clerk by Rep. Kevin Joyce
1/25/2010	House	First Reading
1/25/2010	House	Referred to Rules Committee
2/23/2010	House	Assigned to Personnel and Pensions Committee
3/11/2010	House	Motion Do Pass - Lost Personnel and Pensions Committee; 004-003-003
3/11/2010	House	Remains in Personnel and Pensions Committee
3/15/2010	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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