92nd General Assembly
Status of HB0724
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 Full Text  Bill Summary

   40 ILCS 5/1-109.3 new                                                       

        Amends the General Provisions Article  of  the  Illinois  Pension      
   Code.    Requires  the  adoption  and  implementation of a responsible      
   contractor policy under which, as a condition of the investment of the      
   assets of a retirement system in real estate, the  property  owner  or      
   manager  of the real estate must demonstrate that the construction and      
   building operation contractors and subcontractors are paid fair  wages      
   and benefits.  Effective immediately.                                       
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of HB 724 cannot be determined, as returns         
          would depend on any changes made in asset allocation and the         
          resulting performance of those assests.                              
   FEB-07-2001  H  FILED WITH CLERK                                               
   FEB-07-2001  H  FIRST READING                                                  
   FEB-07-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-15-2001  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   MAR-08-2001  H                        PENSION NOTE FILED                       
   MAR-08-2001  H                   COMMITTEE               PERS PENSION          
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary