<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 306    </title>
<shortdesc>PEN CD-IMRF-TRANSFER FUNDS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Iris Y. Martinez</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/7-199.4 new</reference><aliasreference></aliasreference><SynopsisText>Amends the IMRF Article of the Illinois Pension Code. Provides that a municipality may transfer funds among its reserves, from one that is over 100% funded to one that is less, under certain circumstances. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/15/2005</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Iris Y. Martinez</action>
<statusdate>2/15/2005</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/15/2005</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

