Loading chat...

IL SB3403

Bill

Official Source

Status

Introduced

2/4/2026

Primary Sponsor

Robert Martwick

Click for details

Origin

Senate

104th General Assembly

AI Summary

  • Amends the Illinois Pension Code (40 ILCS 5/22A-115) regarding the Illinois State Board of Investment's reporting requirements
  • Creates an exception to the 6-month annual report deadline when the Board has not received the required audit opinion by December 15
  • The Board will not be considered in violation of reporting requirements if audit delays prevent timely submission
  • Takes effect immediately upon becoming law

Legislative Description

PEN CD-BD OF INVESTMENT AUDIT

Last Action

Placed on Calendar Order of 3rd Reading March 10, 2026

3/5/2026

Committee Referrals

Pensions2/17/2026
Assignments2/4/2026

Full Bill Text

No bill text available