Illinois Senate Bill 1581 (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 Park District Article of the Illinois Pension Code. Provides that, beginning with the year 2013 and in each year thereafter, the Chicago Park District Board of Park Commissioners shall levy a tax annually upon all taxable property embraced in the district at a rate that will produce a sum that, when added to the amounts deducted from the salaries of the employees or otherwise contributed by them, and revenues from other sources, will equal a sum sufficient to meet the annual actuarial requirements of the pension fund, as determined by a qualified actuary retained by that fund.

PEN CD-CHICAGO PARKS-TAX LEVY

Sen. Mike Jacobs [D]

Date	Chamber	Action
2013-01-08	Senate	Session Sine Die
2011-03-18	Senate	Rule 3-9(a) / Re-referred to Assignments
2011-03-17	Senate	Postponed - Pensions and Investments
2011-03-10	Senate	Postponed - Pensions and Investments
2011-03-03	Senate	Postponed - Pensions and Investments
2011-02-23	Senate	Assigned to Pensions and Investments
2011-02-09	Senate	Referred to Assignments
2011-02-09	Senate	First Reading
2011-02-09	Senate	Filed with Secretary by Sen. Mike Jacobs

Chapter	Article	Section	Citation Type	Statute Text
40	5	12-149	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1581&GAID=11&DocTypeID=SB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/SB/09700SB1581.htm