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<xml>
<title>Illinois General Assembly - Bill Status for HB 4891   </title>
<shortdesc>PEN CD-ART 4 FUND INVESTMENTS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Lisa M. Dugan and Linda Chapa LaVia</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/1-113</reference><aliasreference>from Ch. 108 1/2, par. 1-113</aliasreference><reference>40 ILCS 5/1-113.1</reference><aliasreference></aliasreference><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><reference>40 ILCS 5/1-113.8</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-113.12</reference><aliasreference></aliasreference><reference>30 ILCS 805/8.32 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Pension Code. Gives downstate firefighter pension funds the same investment authority as all of the other retirement systems and pension funds (excluding downstate police pension funds) under the Code. Removes references to downstate firefighter pension funds in various provisions regarding investment authority that were formerly applicable only to downstate police and downstate firefighter pension funds. Requires the board of trustees of a downstate firefighter pension fund to appoint investment advisers (was discretionary). Amends the State Mandates Act to require implementation without reimbursement.</SynopsisText></synopsis>
<actions>
<statusdate>2/11/2008</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Lisa M. Dugan</action>
<statusdate>2/11/2008</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/11/2008</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/10/2008</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Linda Chapa LaVia</action>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

