Illinois General Assembly - Bill Status for SB1581

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Bill Status of SB1581 98th General Assembly

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Short Description: PEN CD-CHICAGO PARKS-TAX LEVY

Senate Sponsors
Sen. Mike Jacobs

Last Action

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

Statutes Amended In Order of Appearance

40 ILCS 5/12-149

from Ch. 108 1/2, par. 12-149

Synopsis As Introduced
Amends the Chicago Park District Article of the Illinois Pension Code. Provides that, beginning with the year 2013 and in each year thereafter, the Chicago Park District Board of Park Commissioners shall levy a tax annually upon all taxable property embraced in the district at a rate that will produce a sum that, when added to the amounts deducted from the salaries of the employees or otherwise contributed by them, and revenues from other sources, will equal a sum sufficient to meet the annual actuarial requirements of the pension fund, as determined by a qualified actuary retained by that fund.

Actions

Date	Chamber	Action
2/9/2011	Senate	Filed with Secretary by Sen. Mike Jacobs
2/9/2011	Senate	First Reading
2/9/2011	Senate	Referred to Assignments
2/23/2011	Senate	Assigned to Pensions and Investments
3/3/2011	Senate	Postponed - Pensions and Investments
3/10/2011	Senate	Postponed - Pensions and Investments
3/17/2011	Senate	Postponed - Pensions and Investments
3/18/2011	Senate	Rule 3-9(a) / Re-referred to Assignments
1/8/2013	Senate	Session Sine Die

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