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Latest Update: Tuesday, December, 02nd 2008
PEN CD-INVESTMENT LIMITATION
Amends the Illinois Pension Code. Provides that a retirement system or pension fund established under the Downstate Police, Downstate Firefighters, or Illinois Municipal Retirement Fund Article may not acquire a security issued by an employer of employees covered by any retirement system or pension fund under any of those Articles, including itself, if immediately after such acquisition, the aggregate fair market value of all such employer securities held by the retirement system or pension fund exceeds 10% of the fair market value of the assets of the retirement system or pension fund. Effective immediately.
House Amendment No. 1
Removes references to the Illinois Municipal Retirement Fund Article (Article 7) from the bill.
Latest Actions
- 05/16/2007 - Arrive in Senate
- 05/16/2007 - Placed on Calendar Order of First Reading May 17, 2007
- 05/15/2007 - Third Reading - Short Debate - Passed 114-000-000
- 05/10/2007 - Third Reading/Final Action Deadline Extended-9(b) May 18, 2007
- 05/03/2007 - Third Reading/Final Action Deadline Extended-9(b) May 10, 2007
show all actions- 05/16/2007 - Arrive in Senate
- 05/16/2007 - Placed on Calendar Order of First Reading May 17, 2007
- 05/15/2007 - Third Reading - Short Debate - Passed 114-000-000
- 05/10/2007 - Third Reading/Final Action Deadline Extended-9(b) May 18, 2007
- 05/03/2007 - Third Reading/Final Action Deadline Extended-9(b) May 10, 2007
- 04/27/2007 - Third Reading/Final Action Deadline Extended-9(b) May 3, 2007
- 04/24/2007 - Second Reading - Short Debate
- 04/24/2007 - House Amendment No. 1 Adopted by Voice Vote
- 04/24/2007 - Placed on Calendar Order of 3rd Reading - Short Debate
- 04/16/2007 - House Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000
- 04/16/2007 - House Amendment No. 1 Recommends Be Adopted Rules Committee 003-000-000
- 03/28/2007 - House Amendment No. 1 Filed with Clerk by Rep. Jim Watson
- 03/28/2007 - House Amendment No. 1 Referred to Rules Committee
- 03/22/2007 - Do Pass / Short Debate Personnel and Pensions Committee; 004-000-000
- 03/22/2007 - Placed on Calendar 2nd Reading - Short Debate
- 03/22/2007 - Do Pass / Short Debate Personnel and Pensions Committee 004-000-000
- 03/06/2007 - Re-assigned to Personnel and Pensions Committee
- 02/20/2007 - Assigned to Executive Committee
- 02/15/2007 - First Reading
- 02/15/2007 - Referred to Rules Committee
- 02/13/2007 - Filed with the Clerk by Rep. Jim Watson
show latest actions
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