IL SB0779 | 2017-2018 | 100th General Assembly

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 1 2017 - 25% progression
Action: 2017-03-29 - Added as Chief Co-Sponsor Sen. Iris Y. Martinez
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the General Provisions Article of the Illinois Pension Code in relation to investment transparency. Defines terms. Provides that within 90 days after entering into a new agreement to invest in an alternative investment fund, a public retirement system must disclose certain specified provisions of the agreement. Provides that a public retirement system shall require its alternative investment fund external managers and general partners to make certain annual disclosures concerning certain fees and expenses, in regard to each alternative investment fund. Provides that supplying a public retirement system with a completed reporting template developed by the Institutional Limited Partners Association constitutes compliance with certain reporting requirements. Declares the disclosures to be public records and requires their publication on the public retirement system's website. Amends the Freedom of Information Act to make a conforming change. Effective immediately.

Tracking Information

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Title

PEN CD-INVESTMENT DISCLOSURE

Sponsors


History

DateChamberAction
2017-03-29SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez
2017-03-29SenatePlaced on Calendar Order of 2nd Reading March 30, 2017
2017-03-29SenateDo Pass Licensed Activities and Pensions; 007-005-000
2017-03-17SenateRule 2-10 Committee Deadline Established As April 7, 2017
2017-03-16SenatePostponed - Licensed Activities and Pensions
2017-02-08SenateAssigned to Licensed Activities and Pensions
2017-02-01SenateReferred to Assignments
2017-02-01SenateFirst Reading
2017-02-01SenateFiled with Secretary by Sen. Daniel Biss

Code Citations

ChapterArticleSectionCitation TypeStatute Text
4051-113.17New CodeSee Bill Text
4051-113.17aNew CodeSee Bill Text
4051-113.17bNew CodeSee Bill Text
51407Amended CodeCitation Text

Illinois State Sources


Bill Comments

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