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IL SB3144

Bill

Official Source

Status

Failed

1/13/2021

Primary Sponsor

Sara Feigenholtz

Click for details

Origin

Senate

101st General Assembly

AI Summary

  • Amends Section 17-140 of the Illinois Pension Code regarding board officers of the Civic Transection Pension Fund (CTPF)
  • Board president, recording secretary, and other officers are elected by and from the members of the Board at the first meeting after trustee election
  • Signatures of officers on checks or drafts remain valid even after the officer ceases to hold office
  • Changes capitalization of "board" to "Board" for consistency in statutory language
  • Removes outdated language regarding timing of signature validity relative to check delivery

Legislative Description

PEN CD-CTPF-BOARD OFFICERS

Last Action

Session Sine Die

1/13/2021

Committee Referrals

Rules3/5/2020
Assignments2/6/2020

Full Bill Text

No bill text available