IL HB3641 | 2019-2020 | 101st General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 15 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 15 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the General Provisions and Downstate Firefighter Articles of the Illinois Pension Code. Removes provisions specifying, based on the net assets of the downstate firefighter pension fund, types of investments that a downstate firefighter pension fund may make. Removes certain limitations on the percentage of a downstate firefighter pension fund's net assets that may be invested in certain types of investments. Provides that the board of a firefighter 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.
Title
PEN CD-DNST FIRE-INVEST
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2019-03-29 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2019-03-05 | House | Assigned to Executive Committee |
| 2019-02-15 | House | Referred to Rules Committee |
| 2019-02-15 | House | First Reading |
| 2019-02-15 | House | Filed with the Clerk by Rep. Rita Mayfield |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 40 | 5 | 1-109.1 | Amended Code | Citation Text |
| 40 | 5 | 1-110 | Amended Code | Citation Text |
| 40 | 5 | 1-113.1 | Amended Code | Citation Text |
| 40 | 5 | 1-113.14 | Amended Code | Citation Text |
| 40 | 5 | 1-113.16 | Amended Code | Citation Text |
| 40 | 5 | 1-113.2 | Amended Code | Citation Text |
| 40 | 5 | 1-113.20 | Amended Code | Citation Text |
| 40 | 5 | 1-113.3 | Amended Code | Citation Text |
| 40 | 5 | 1-113.4 | Amended Code | Citation Text |
| 40 | 5 | 1-113.4a | Amended Code | Citation Text |
| 40 | 5 | 1-150 | Amended Code | Citation Text |
| 40 | 5 | 4-128 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3641&GAID=15&DocTypeID=HB&SessionID=108&GA=101 |
| Text | https://www.ilga.gov/legislation/101/HB/10100HB3641.htm |
