SB 2234

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Pen Cd-Dnst Police-Invest

Abstract

Amends the General Provisions and Downstate Police Articles of the Illinois Pension Code. Removes provisions specifying, based on the net assets of the downstate police pension fund, types of investments that a downstate police pension fund may make. Removes certain limitations on the percentage of a downstate police pension fund's net assets that may be invested in certain types of investments. Provides that the board of a downstate police pension fund shall invest funds with the care, skill, prudence, and diligence that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character with like aims. Makes conforming changes. Effective immediately.

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Mar 28, 2019

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 22, 2019

Senate

Rule 2-10 Committee Deadline Established As March 28, 2019

Mar 12, 2019

Senate

Assigned to Government Accountability and Ethics

Feb 27, 2019

Senate

Filed with Secretary by Sen. Steven M. Landek

Senate

First Reading

Senate

Referred to Assignments

Bill Text

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