PEN CD-RESPONSIBLE CONTRACTING Senate SponsorsSen. Jeffrey M. Schoenberg-Denny Jacobs 1/11/2005SenateSession Sine Die 40 ILCS 5/1-109.3 newAmends the General Provisions Article of the Illinois Pension Code. Requires the adoption and implementation of a responsible contractor policy under which, as a condition of the investment of the assets of a retirement system in real estate, the property owner or manager of the real estate must demonstrate that the construction and building operation contractors and subcontractors are paid fair wages and benefits. Effective immediately.Pension Note (Pension Laws Commission) The fiscal impact of SB 517 cannot be determined, as returns would depend on any changes made in asset allocation and the resulting performance of those assets Fiscal Note (State Retirement Systems) The fiscal impact would be small.Fiscal Note (Department of Insurance) This bill would have minimal fiscal impact.Fiscal Note (Dept of Commerce and Community Affairs) No fiscal impact on DCCA. The fiscal impact on units of local government cannot be determined at this time. 2/18/2003SenateFiled with Secretary by Sen. Jeffrey M. Schoenberg 2/18/2003SenateFirst Reading 2/18/2003SenateReferred to Rules 2/26/2003SenateAssigned to Insurance & Pensions 2/28/2003SenatePension Note Filed As Introduced 3/5/2003SenateTo Subcommittee 3/12/2003SenateAdded as Chief Co-Sponsor Sen. Denny Jacobs 3/13/2003SenateDo Pass Insurance & Pensions; 006-004-000 3/13/2003SenatePlaced on Calendar Order of 2nd Reading March 18, 2003 3/18/2003SenateFiscal Note Requested by Sen. Bill Brady 3/24/2003SenateFiscal Note Filed 3/26/2003SenateFiscal Note Filed Department of Insurance 3/27/2003SenateFiscal Note Filed from the Illinois Department of Commerce and Community Affairs 3/27/2003SenateSecond Reading 3/27/2003SenatePlaced on Calendar Order of 3rd Reading April 2, 2003 4/4/2003SenateThird Reading Deadline Extended - Rule 2-10(e) to April 9, 2003. 7/1/2003SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 1/11/2005SenateSession Sine Die