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<xml>
<title>Illinois General Assembly - Bill Status for HB 4685   </title>
<shortdesc>PENCD-PERMITTED INVESTMENTS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Robert Rita</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/1-113.2</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-113.3</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-113.4</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-113.5</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Pension Code. Increases the percentage of certain separate accounts and certain mutual funds in which a downstate police or downstate firefighter pension fund may invest. Makes changes in the types of mutual funds in which a downstate police or downstate firefighter pension fund may invest. Allows downstate police and downstate firefighter pension funds to invest a portion of their assets in exchange traded funds comprised of diversified portfolios of common or preferred stocks and bonds. Allows downstate police and downstate firefighter pension funds that have assets of at least $5,000,000 and have appointed an investment adviser to invest a portion of their assets in nonconvertible investment grade corporate bonds and American depository receipts.</SynopsisText></synopsis>
<actions>
<statusdate>1/12/2006</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Robert Rita</action>
<statusdate>1/12/2006</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/12/2006</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

