PENCD-EMRGING INVSTMNT MANAGER Senate SponsorsSen. Iris Y. Martinez 1/9/2019SenateSession Sine Die 40 ILCS 5/1-109.1from Ch. 108 1/2, par. 1-109.140 ILCS 5/1-113.14Amends the General Provisions Article of the Illinois Pension Code. Provides that "emerging investment manager" means a qualified investment adviser that manages an investment portfolio of at least $10,000,000 but less than $10,000,000,000 at the time of the initial contract with the retirement system, pension fund, or investment board (rather than at least $10,000,000 but less than $10,000,000,000) and is a minority-owned business, women-owned business, or business owned by a person with a disability. In a provision requiring a competitive process for awarding investment contracts, adds an exclusion for contracts for investment services with an emerging investment manager. Effective immediately. 11/7/2018SenateFiled with Secretary by Sen. Iris Y. Martinez 11/7/2018SenateFirst Reading 11/7/2018SenateReferred to Assignments 1/9/2019SenateSession Sine Die