90th General Assembly
Status of SB1536
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 Full Text  Bill Summary

   40 ILCS 5/1-112.1 new                                                       
   40 ILCS 5/1-113           from Ch. 108 1/2, par. 1-113                      

        Amends the Illinois Pension Code.  Authorizes investment of up to      
   25%  of  certain  pension  fund  assets   in   economically   targeted      
   investments in Illinois, of which an amount up to 10% of the assets of      
   the fund may be invested in economically targeted investments that are      
   targeted specifically to low or moderate income communities.  Declares      
   it  to  be public policy to encourage these investments and sets goals      
   for the major retirement systems.  Requires certain retirement systems      
   to make an annual report of these investments.  Effective immediately.      
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB1536 cannot be calculated as the extent       
          to which funds will actually invest in ETIs is unknown.              
   98-02-19  S  FIRST READING                                                  
   98-02-19  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   98-03-25  S                        PENSION NOTE FILED                       
   98-03-25  S                   COMMITTEE               RULES                 
   99-01-12  S  SESSION SINE DIE                                               


 Full Text  Bill Summary