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 Bill Status of SB0779  100th General Assembly


Short Description:  PEN CD-INVESTMENT DISCLOSURE

Senate Sponsors
Sen. Daniel Biss - Iris Y. Martinez

Last Action
DateChamber Action
  4/26/2017SenatePlaced on Calendar Order of 3rd Reading April 27, 2017

Statutes Amended In Order of Appearance
5 ILCS 140/7from Ch. 116, par. 207
40 ILCS 5/1-113.17 new
40 ILCS 5/1-113.17a new
40 ILCS 5/1-113.17b new


Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code in relation to investment transparency. Defines terms. Provides that within 90 days after entering into a new agreement to invest in an alternative investment fund, a public retirement system must disclose certain specified provisions of the agreement. Provides that a public retirement system shall require its alternative investment fund external managers and general partners to make certain annual disclosures concerning certain fees and expenses, in regard to each alternative investment fund. Provides that supplying a public retirement system with a completed reporting template developed by the Institutional Limited Partners Association constitutes compliance with certain reporting requirements. Declares the disclosures to be public records and requires their publication on the public retirement system's website. Amends the Freedom of Information Act to make a conforming change. Effective immediately.

Actions 
DateChamber Action
  2/1/2017SenateFiled with Secretary by Sen. Daniel Biss
  2/1/2017SenateFirst Reading
  2/1/2017SenateReferred to Assignments
  2/8/2017SenateAssigned to Licensed Activities and Pensions
  3/16/2017SenatePostponed - Licensed Activities and Pensions
  3/17/2017SenateRule 2-10 Committee Deadline Established As April 7, 2017
  3/29/2017SenateDo Pass Licensed Activities and Pensions; 007-005-000
  3/29/2017SenatePlaced on Calendar Order of 2nd Reading March 30, 2017
  3/29/2017SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez
  4/26/2017SenateSecond Reading
  4/26/2017SenatePlaced on Calendar Order of 3rd Reading April 27, 2017
  4/28/2017SenateRule 2-10 Third Reading Deadline Established As May 31, 2017

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