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<xml>
<title>Illinois General Assembly - Bill Status for SB 1389         </title>
<shortdesc>PENCD-ART 3&amp;4-INVSTMENT LIMITS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Chuck Weaver</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/1-109.1</reference><aliasreference>from Ch. 108 1/2, par. 1-109.1</aliasreference><reference>40 ILCS 5/1-110</reference><aliasreference>from Ch. 108 1/2, par. 1-110</aliasreference><reference>40 ILCS 5/1-110.6</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-113.1</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-113.4a</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-113.5</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-113.14</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-113.16</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-113.20</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-150</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-113.2 rep.</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-113.3 rep.</reference><aliasreference></aliasreference><reference>40 ILCS 5/1-113.4 rep.</reference><aliasreference></aliasreference><SynopsisText>Amends the General Provisions Article of the Illinois Pension Code. Removes provisions specifying, based on the net assets of the pension fund, types of investments that a downstate police or downstate firefighter pension fund may make. Removes provisions requiring an investment adviser for investments in certain common and preferred stocks. Removes certain limitations on the percentage of a pension fund's net assets that may be invested in certain types of investments. Makes conforming changes. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/13/2019</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Chuck Weaver</action>
<statusdate>2/13/2019</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/13/2019</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

