Fabio
86 lines
4.2 KiB
Markdown
86 lines
4.2 KiB
Markdown
---
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type: "Bill"
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title: "PENCD-INVESTMENT SERVICES"
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description: "Amends the General Provisions Article of the Illinois Pension Code. In a Section requiring the use of a competitive selection process for obtaining investment services, creates an additional exception for \"contracts for follow-on funds with the same fund sponsor through closed-end funds\". Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "98th"
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identifier: "HB 2620"
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citation: "Illinois HB 2620 (98th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 26
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vote_count: 2
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first_action: "2013-02-21"
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last_action: "2013-08-16"
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source: "openstates"
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source_identifier: "ocd-bill/6ffe5f8f-7e62-408e-9cab-9787f0899be9"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2620&GAID=12&DocTypeID=HB&LegId=74426&SessionID=85&GA=98"
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source_hash: "4dde560bb9572b49626f4e21ef7ba9bba5de9ffb1e49af34173b128028c0da9a"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois HB 2620 (98th) — PENCD-INVESTMENT SERVICES
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Amends the General Provisions Article of the Illinois Pension Code. In a Section requiring the use of a competitive selection process for obtaining investment services, creates an additional exception for "contracts for follow-on funds with the same fund sponsor through closed-end funds". Effective immediately.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800HB2620&GA=98&SessionId=85&DocTypeId=HB&LegID=74426&DocNum=2620&GAID=12&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800HB2620eng&GA=98&SessionId=85&DocTypeId=HB&LegID=74426&DocNum=2620&GAID=12&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800HB2620enr&GA=98&SessionId=85&DocTypeId=HB&LegID=74426&DocNum=2620&GAID=12&Session=&print=true)
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## Votes
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- Third Reading — **74–42** (pass) · lower
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- Third Reading — **50–8** (pass) · upper
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## Sponsors
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- Al Riley — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2013-02-21** Filed with the Clerk by Rep. Al Riley `filing`
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- **2013-02-21** First Reading `reading-1`
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- **2013-02-21** Referred to Rules Committee `referral-committee`
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- **2013-03-04** Assigned to Personnel and Pensions Committee `referral-committee`
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- **2013-03-21** Do Pass / Short Debate Personnel and Pensions Committee; 007-001-000 `committee-passage`
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- **2013-03-22** Placed on Calendar 2nd Reading - Short Debate
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- **2013-04-17** Second Reading - Short Debate `reading-2`
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- **2013-04-17** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2013-04-18** Third Reading - Short Debate - Passed 074-042-000 `reading-3, passage`
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- **2013-04-19** Arrive in Senate `introduction`
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- **2013-04-19** Placed on Calendar Order of First Reading `reading-1`
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- **2013-04-19** Chief Senate Sponsor Sen. Daniel Biss
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- **2013-04-19** First Reading `reading-1`
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- **2013-04-19** Referred to Assignments `referral-committee`
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- **2013-04-24** Assigned to Executive `referral-committee`
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- **2013-05-02** Postponed - Executive
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- **2013-05-09** Do Pass Executive; 013-000-000 `committee-passage`
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- **2013-05-09** Placed on Calendar Order of 2nd Reading May 14, 2013
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- **2013-05-14** Second Reading `reading-2`
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- **2013-05-14** Placed on Calendar Order of 3rd Reading May 15, 2013
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- **2013-05-22** Third Reading - Passed; 050-008-000 `reading-3, passage`
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- **2013-05-22** Passed Both Houses
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- **2013-06-19** Sent to the Governor `executive-receipt`
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- **2013-08-16** Governor Approved `executive-signature`
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- **2013-08-16** Effective Date August 16, 2013
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- **2013-08-16** Public Act . . . . . . . . . 98-0433 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/6ffe5f8f-7e62-408e-9cab-9787f0899be9`. Confidence: reported (aggregated from official Illinois legislature records).
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