Bill Title: Amends the University of Illinois Exercise of Functions and Duties Law of the Civil Administrative Code of Illinois. Creates an Investment Review Commission within the University, to be appointed by the President. Directs the Commission to review the reliability of the investment rating sources and tools used by agencies of the State, including the Office of the State Treasurer, the Illinois State Board of Investment, and the State-funded retirement systems. Directs the Commission to identify any investment rating sources or tools that it finds to be unreliable for the purposes for which they are being used. Directs the Commission to report its findings and recommendations at least annually to the Governor, the State Treasurer, and the General Assembly. Effective immediately.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Engrossed - Dead) 2010-12-02 - Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2, 3 [HB5057 Detail]

Text: Latest bill text (Engrossed) [HTML]

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