Illinois General Assembly - Bill Status for SB3750

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Bill Status of SB3750 102nd General Assembly

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Short Description: PENCD-EMRGING INVSTMNT MANAGER

Senate Sponsors
Sen. Don Harmon

Last Action

Date	Chamber	Action
1/13/2021	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/1-109.1

from Ch. 108 1/2, par. 1-109.1

Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Provides that "emerging investment manager" means a qualified investment adviser that manages an investment portfolio of at least $10,000,000 but less than $20,000,000,000 (rather than at least $10,000,000 but less than $10,000,000,000) at the time of the initial contract with the retirement system, pension fund, or investment board and is a minority-owned business, women-owned business, or business owned by a person with a disability. Effective January 1, 2021.

Actions

Date	Chamber	Action
2/14/2020	Senate	Filed with Secretary by Sen. Iris Y. Martinez
2/14/2020	Senate	First Reading
2/14/2020	Senate	Referred to Assignments
12/1/2020	Senate	Chief Sponsor Changed to Sen. Don Harmon
1/13/2021	Senate	Session Sine Die

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