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SB 3748

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Pencd-Emrging Invstmnt Manager

Abstract

Amends the General Provisions Article of the Illinois Pension Code. Defines "qualified manager of emerging investment managers services". In a provision requiring a competitive process for awarding investment contracts, adds an exclusion for contracts for investment services with an emerging investment manager provided through a qualified manager of emerging investment managers services. In a provision requiring contracts for investment services to include certain disclosures regarding subcontractors, excludes from the definition of "subcontractor" qualified managers of emerging investment managers services. Provides that based upon a written recommendation from an investment adviser providing qualified manager of emerging investment managers services for the selection or appointment of an emerging investment manager that has been providing investment services in the multimanager portfolio for at least 24 months, the board of a retirement system, pension fund, or investment board may select or appoint such emerging investment manager based upon such recommendation. Requires a qualified manager of emerging investment managers services to comply with specified requirements concerning written contracts. Effective January 1, 2021.

Bill Sponsors (2)

Iris Y. Martinez

  • Democratic
  • upper
  • 20
Primary

Jacqueline Y. Collins

  • Democratic
  • upper
  • 16
Cosponsor

Votes


No votes to display

Actions


May 15, 2020

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020

May 07, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 29, 2020

Senate

Rule 2-10 Committee Deadline Established As May 22, 2020

Apr 30, 2020

Senate

Rule 2-10 Committee Deadline Established As May 15, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 22, 2020

Apr 23, 2020

Senate

Rule 2-10 Committee Deadline Established As May 7, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 15, 2020

Apr 16, 2020

Senate

Rule 2-10 Committee Deadline Established As April 30, 2020

Apr 12, 2020

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Mar 25, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 7, 2020

Senate

Rule 2-10 Committee Deadline Established As April 24, 2020

Mar 18, 2020

Senate

Rule 2-10 Committee Deadline Established As April 2, 2020

Senate

Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins

Mar 12, 2020

Senate

Assigned to Government Accountability and Pensions

Feb 14, 2020

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Iris Y. Martinez

Bill Text

Bill Text Versions Format
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Related Documents

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Sources

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