Bill Status of SB0778 100th General Assembly
Short Description: FOIA-PENSION INVESTMENTS
Sen. Daniel Biss
|Licensed Activities and Pensions Hearing Mar 29 2017 12:00PM Capitol 400 Springfield, IL |
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Freedom of Information Act. In a provision establishing exemptions for disclosure under the Act, excludes from those exemptions the text of an agreement to invest in a private equity fund, hedge fund, or absolute return fund that is proposed or executed after January 1, 2018 and any modification to or amendment of such an agreement that modifies or alters any of the provisions. Provides that trade secrets in the text of the agreement are not subject to disclosure under the Act. Defines terms. Effective immediately.