Bill Title: Amends the Illinois Pension Code. Requires that a description of every contract for qualified fund-of-fund management services must be posted in a conspicuous manner on the web site of the retirement system, pension fund, or investment board and must include the name of the fund-of-funds, the name of its investment adviser, the total investment commitment of the retirement system, pension fund, or investment board to invest in such fund-of-funds, and a disclosure approved by the board describing the factors that contributed to the investment in such fund-of-funds. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Engrossed - Dead) 2010-11-30 - House Floor Amendment No. 2 Recommends Be Adopted State Government Administration Committee; 016-001-000 [SB3162 Detail]

Text: Latest bill text (Engrossed) [HTML]

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