PEN CD-DNST POLICE-INVEST Senate SponsorsSen. Steven M. Landek 1/13/2021SenateSession Sine Die 40 ILCS 5/1-109.1from Ch. 108 1/2, par. 1-109.140 ILCS 5/1-110from Ch. 108 1/2, par. 1-11040 ILCS 5/1-113.140 ILCS 5/1-113.240 ILCS 5/1-113.340 ILCS 5/1-113.440 ILCS 5/1-113.4a40 ILCS 5/1-113.1440 ILCS 5/1-113.1640 ILCS 5/1-113.2040 ILCS 5/1-15040 ILCS 5/3-135from Ch. 108 1/2, par. 3-135Amends the General Provisions and Downstate Police Articles of the Illinois Pension Code. Removes provisions specifying, based on the net assets of the downstate police pension fund, types of investments that a downstate police pension fund may make. Removes certain limitations on the percentage of a downstate police pension fund's net assets that may be invested in certain types of investments. Provides that the board of a downstate police pension fund shall invest funds with the care, skill, prudence, and diligence that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character with like aims. Makes conforming changes. Effective immediately. 2/27/2019SenateFiled with Secretary by Sen. Steven M. Landek 2/27/2019SenateFirst Reading 2/27/2019SenateReferred to Assignments 3/12/2019SenateAssigned to Government Accountability and Ethics 3/22/2019SenateRule 2-10 Committee Deadline Established As March 28, 2019 3/28/2019SenateRule 3-9(a) / Re-referred to Assignments 1/13/2021SenateSession Sine Die