Elaine Nekritz
- Democratic
Primary
Amends the Chicago Firefighter Article of the Illinois Pension Code. Authorizes the Board of Trustees of the Fund to lend securities owned by the Fund to a borrower upon such terms and conditions as may be mutually agreed upon. Requires the agreement to provide that during the period of the loan the Fund shall retain the right to receive, or collect from the borrower, all dividends, interest rights, or any distributions to which the Fund would have otherwise been entitled. Provides that the borrower shall deposit with the Fund, as collateral, cash equal to the market value of the securities at the time the loan is made and shall increase the amount of collateral if and when the Fund requests an additional amount because of subsequent increased market value of the securities. Provides that the period for which the securities may be loaned shall not exceed one year, and the loan agreement may specify earlier termination by either party upon mutually agreed conditions. Effective immediately.
Public Act . . . . . . . . . 99-0786
Effective Date August 12, 2016
Governor Approved
Sent to the Governor
Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Personnel and Pensions Committee; 005-004-000
Chief Sponsor Changed to Rep. Elaine Nekritz
Passed Both Houses
House Concurs
Senate Floor Amendment No. 1 House Concurs 085-033-000
Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
Senate Floor Amendment No. 1 Motion to Concur Rules Referred to Personnel and Pensions Committee
Senate Floor Amendment No. 1 Motion Filed Concur Rep. Silvana Tabares
Placed on Calendar Order of Concurrence Senate Amendment(s) 1
Arrived in House
Recalled to Second Reading
Third Reading - Passed; 050-000-001
Placed on Calendar Order of 3rd Reading
Senate Floor Amendment No. 1 Adopted; Biss
Senate Floor Amendment No. 1 Recommend Do Adopt Licensed Activities and Pensions; 009-001-000
Placed on Calendar Order of 3rd Reading May 26, 2016
Second Reading
Added as Alternate Chief Co-Sponsor Sen. Heather A. Steans
Senate Floor Amendment No. 1 Assignments Refers to Licensed Activities and Pensions
Senate Floor Amendment No. 1 Referred to Assignments
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Daniel Biss
Placed on Calendar Order of 2nd Reading May 19, 2016
Approved for Consideration Assignments
Placed on Calendar Order of First Reading
Arrive in Senate
Referred to Assignments
First Reading
Chief Senate Sponsor Sen. Daniel Biss
Third Reading - Short Debate - Passed 101-002-000
Placed on Calendar Order of 3rd Reading - Short Debate
House Floor Amendment No. 1 Motion Filed to Table Rep. Elaine Nekritz
Held on Calendar Order of Second Reading - Short Debate
Second Reading - Short Debate
Chief Sponsor Changed to Rep. Silvana Tabares
House Floor Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz
House Floor Amendment No. 1 Referred to Rules Committee
Do Pass / Short Debate Personnel and Pensions Committee; 008-001-000
Placed on Calendar 2nd Reading - Short Debate
Assigned to Personnel and Pensions Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Elaine Nekritz
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| Senate Amendment 001 | |
| House Amendment 001 |
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