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 Bill Status of SB1714  100th General Assembly


Short Description:  PEN CD-CONSULTANT DISCLOSURES

Senate Sponsors
Sen. James F. Clayborne, Jr.

Last Action
DateChamber Action
  3/9/2017SenatePlaced on Calendar Order of 2nd Reading March 14, 2017

Statutes Amended In Order of Appearance
40 ILCS 5/1-113.22 new
40 ILCS 5/1-113.23 new


Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Requires a consultant to annually disclose to the board of the retirement system, board of the pension fund, or the investment board that retains the consultant certain information concerning searches for investment services from minority owned businesses, female owned businesses, and businesses owned by persons with a disability. Requires a consultant to disclose any compensation or economic opportunity received in the last 24 months from investment advisors retained by the board of a retirement system, board of a pension fund, or investment board. Requires consideration of these disclosures before awarding a contract for consulting services. Effective immediately.

Actions 
DateChamber Action
  2/9/2017SenateFiled with Secretary by Sen. James F. Clayborne, Jr.
  2/9/2017SenateFirst Reading
  2/9/2017SenateReferred to Assignments
  2/28/2017SenateAssigned to Licensed Activities and Pensions
  3/9/2017SenateDo Pass Licensed Activities and Pensions; 010-000-000
  3/9/2017SenatePlaced on Calendar Order of 2nd Reading March 14, 2017

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