Illinois House Bill 5426 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides that the city shall deposit with the city treasurer for the benefit of the fund, a minimum of 20% of all proceeds collected by the city from newly established gaming revenue sources arising out of legislation enacted in 2012 or thereafter. These deposits shall continue until the stabilization of the fund has been deemed to have occurred by an independent actuarial organization mutually agreed upon by the city, employee representatives, and the board of the fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

PEN CD-CHI FIRE-GAMING FUNDS

Rep. Brandon Phelps [D]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2012-02-15	House	Chief Sponsor Changed to Rep. Brandon W. Phelps
2012-02-15	House	Referred to Rules Committee
2012-02-15	House	First Reading
2012-02-09	House	Filed with the Clerk by Rep. Angelo Saviano

Chapter	Article	Section	Citation Type	Statute Text
30	805	8.36	New Code	See Bill Text
40	5	6-165	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5426&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB5426.htm