John G. Mulroe
- 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 . . . . . . . . . 99-0793
Governor Approved
Effective Date August 12, 2016
Sent to the Governor
House Floor Amendment No. 1 Senate Concurs 057-000-000
Passed Both Houses
Senate Concurs
House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 011-000-000
House Floor Amendment No. 1 Motion to Concur Assignments Referred to Licensed Activities and Pensions
Third Reading - Short Debate - Passed 109-000-000
House Floor Amendment No. 1 Motion to Concur Referred to Assignments
House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. John G. Mulroe
Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 29, 2016
Secretary's Desk - Concurrence House Amendment(s) 1
Placed on Calendar Order of 3rd Reading - Short Debate
House Floor Amendment No. 1 Adopted
Held on Calendar Order of Second Reading - Short Debate
Second Reading - Short Debate
House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-001-000
Added Alternate Chief Co-Sponsor Rep. Carol Sente
Do Pass / Short Debate Personnel and Pensions Committee; 008-000-000
Placed on Calendar 2nd Reading - Short Debate
House Floor Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz
House Floor Amendment No. 1 Referred to Rules Committee
Final Action Deadline Extended-9(b) May 27, 2016
Assigned to Personnel and Pensions Committee
Referred to Rules Committee
Arrived in House
First Reading
Chief House Sponsor Rep. Elaine Nekritz
Third Reading - Passed; 053-000-001
Placed on Calendar Order of 3rd Reading April 19, 2016
Second Reading
Do Pass Licensed Activities and Pensions; 012-000-000
Placed on Calendar Order of 2nd Reading April 5, 2016
Assigned to Licensed Activities and Pensions
First Reading
Referred to Assignments
Filed with Secretary by Sen. John G. Mulroe
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| House Amendment 001 |
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