reglab/housing_qa huggingface dataset:
40 ILCS 5/22A-111
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22A - Investment Board

 (from Ch. 108 1/2, par. 22A-111)Sec. 22A-111.   The Board shall manage the investments of any pension  fund, retirement system, or education fund for the purpose  of obtaining a total return on  investments for the long term.  It also shall perform such other functions as  may be assigned or directed by the General Assembly.The authority of the board to manage pension fund investments and the  liability shall begin when there has been a physical transfer of the pension  fund investments to the board and placed in the custody of the board's custodian.The authority of the board to manage monies from the education fund for  investment and the liability of the board shall begin when there has been a  physical transfer of education fund investments to the board and placed in  the custody of the board's custodian.The board may not delegate its management functions, but it may, but is not required to, arrange  to compensate for personalized investment advisory service  for any or all investments under its control with any national or state bank  or trust company authorized to do a trust business and domiciled in Illinois,   other financial institution organized under the laws of Illinois, or an  investment advisor who is qualified under the Federal Investment Advisers Act of 1940  and is registered under the Illinois Securities Law of 1953.  Nothing contained  herein shall prevent the Board from subscribing to general investment research  services available for purchase or use by others.  The Board shall also have  the authority to compensate for accounting services.This Section shall not be construed to prohibit the Illinois State Board of Investment from directly investing pension assets in public market investments, private investments, real estate investments, or other investments authorized by this Code. (Source: P.A. 99-708, eff. 7-29-16; 100-201, eff. 8-18-17.)
40 ILCS 5/22A-111.1
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22A - Investment Board

 (from Ch. 108 1/2, par. 22A-111.1)Sec. 22A-111.1.     Public Employees Deferred Compensation Plan.The Board shall also have the responsibilities imposed on it by Article  24 of this Act in relation to a deferred compensation plan for public  employees.    (Source: P.A. 78-1277.)
40 ILCS 5/22A-112
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22A - Investment Board

 (from Ch. 108 1/2, par. 22A-112)Sec. 22A-112.     Investment authority.     The board shall have the authority  to invest funds, subject to the requirements and restrictions set forth  in Sections 1-109, 1-109.1, 1-109.2, 1-110, 1-111, 1-114 and 1-115 of this  Code.No bank or savings and loan association shall receive investment funds  as permitted by this Section, unless it has complied with the requirements  established pursuant to Section 6 of "An Act relating to certain investments  of public funds by public agencies", approved July 23, 1943, as now or  hereafter amended.  The limitations set forth in such Section 6 shall be  applicable only at the time of investment and shall not require the liquidation  of any investment at any time.The board shall have the authority to enter into such agreements and to  execute such documents as it determines to be necessary to complete any  investment transaction.All investments shall be clearly held and accounted for to indicate  ownership by the board.  The board may direct the registration of  securities in its own name or in the name of a nominee created for the  express purpose of registration of securities by a national or state  bank or trust company authorized to conduct a trust business in the State of Illinois.Investments shall be carried at cost or at a value  determined in accordance with generally accepted accounting principles  and accounting procedures approved  by the board.The value of investments held by any pension fund, retirement system  or education fund in one or more commingled investment accounts shall be  determined in accordance with generally accepted accounting principles.    (Source: P.A. 90-19, eff. 6-20-97.)
40 ILCS 5/22A-113
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22A - Investment Board

 (from Ch. 108 1/2, par. 22A-113)Sec. 22A-113.     Transfer of securities and investment functions.(a) As soon as possible or practicable following the enactment of this  Article and prior to July 1, 1970, the trustees of the State Employees'  Retirement System, the General Assembly Retirement System and the Judges  Retirement System, shall transfer to this board for management and  investment all of their securities or for which commitments have been made,  and all funds, assets or moneys representing permanent or temporary  investments, or cash reserves maintained for the purpose of obtaining  income thereon.(b) The board of trustees or retirement board of any pension fund or  retirement system electing to come under the authority of the Illinois  State Board of Investment for the management of its investments and the  performance of investment functions previously performed by such board of  that pension fund or retirement system shall effect a transfer of  securities and other assets thereof not later than the first day of the 4th  month next following the date of such election after completion of an audit  by a certified public accountant of such securities and other assets as  authorized by the Illinois State Board of Investment and approved by the  Auditor General of the State, the expense of which shall be assumed by the  pension fund or retirement system. Upon such transfer, the authority of the  Illinois State Board of Investment in the case of such pension fund or  retirement system is effective. These transfers shall be receipted for in  detail by the Chairman and director of the board.(c) The board of trustees or retirement board of any pension fund or  retirement system authorized under the Illinois Pension Code to participate  in any commingled investment fund or funds established and managed by the  Illinois State Board of Investment under this Article may invest in such  commingled investment fund or funds upon written notice to the Illinois  State Board of Investment. The board of trustees of the Illinois Bank  Examiners' Education Foundation is authorized to participate in any  commingled investment fund or funds established and managed by the Illinois  State Board of Investment upon providing written notice to the Illinois  State Board of Investment.  Any participation in a commingled fund and the  management thereof shall be in accordance with the governing law and the  rules, policies and directives of the Illinois State Board of Investment.    (Source: P.A. 84-1127.)
40 ILCS 5/22A-113.1
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22A - Investment Board

 (from Ch. 108 1/2, par. 22A-113.1)Sec. 22A-113.1. Investable funds.   Each retirement system under the management of the Illinois State Board  of Investment shall report to the board from time to time the amounts of  funds available for investment. These amounts shall be transferred  immediately to the board's custodian or the custodian's authorized agent for the account  of the board to be applied for investment by the board. Notice to the  Illinois State Board of Investment of each such transfer shall be given by  the retirement system as the transfer occurs.  (Source: P.A. 99-708, eff. 7-29-16.)
40 ILCS 5/22A-113.2
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22A - Investment Board

 (from Ch. 108 1/2, par. 22A-113.2)Sec. 22A-113.2. Custodian.   The securities, funds and other assets transferred to the Illinois State  Board of Investment or otherwise acquired by the board shall be placed in  the custody of the board's custodian. The custodian shall provide adequate safe deposit facilities therefor and hold all  such securities, funds and other assets subject to the order of the board.As soon as may be practicable, but in no event later than December 31, 2016, the board shall appoint and retain a qualified custodian. Until a custodian has been appointed by the board, the State Treasurer shall serve as official custodian of  the board.The custodian shall furnish a corporate surety bond of such amount  as the board designates, which bond shall indemnify the board against any  loss that may result from any action or failure to act by the custodian or  any of the custodian's agents. All charges incidental to the procuring and giving of  such bond shall be paid by the board. The bond shall be in the custody of  the board.  (Source: P.A. 99-708, eff. 7-29-16.)
40 ILCS 5/22A-113.3
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22A - Investment Board

 (from Ch. 108 1/2, par. 22A-113.3)Sec. 22A-113.3. Investable funds of education foundation. The  Illinois Bank Examiners'  Education Foundation shall report to the board from time to time the  amounts of monies available for investment by the board.  These amounts shall be  transferred promptly to the board's custodian or the custodian's authorized agent for the  account of the board to be applied for investment by the board.  Notice to  the board of each such transfer shall be given by the Illinois Bank  Examiners' Education Foundation after the transfer occurs.  (Source: P.A. 99-708, eff. 7-29-16.)
40 ILCS 5/22A-114
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22A - Investment Board

 (from Ch. 108 1/2, par. 22A-114)Sec. 22A-114.     Accounting.     In the management of pension and education funds  the board:(1) may, for investment purposes, commingle all or a part of the  invested assets of one or more pension or education funds under its  jurisdiction and authority;(2) shall carry assets of all funds at cost or a value determined in accordance with  generally accepted  accounting principles and accounting procedures approved by the board.  Each investment initially transferred to the board by  a pension fund or monies transferred to the board by an education fund shall be  similarly valued except that the board may elect to place such value on any  investment conditionally in which case the amount of any later realization of  such asset in cash that is in excess of or is less than the amount so credited  shall be credited or charged to the fund that made the transfer;(3) shall keep proper books of account which shall reflect at all times  the value of all investments held by the board for a pension fund or education  fund whether for the separate account of the fund or in a commingled fund;(4) shall charge each pension fund or education fund with its share of all  expenses of the board (including those repayable under Section 22A-116) at  quarter-yearly periods pro rata according to the value of the investments held  for the respective funds at the beginning of the quarter or any other equitable  formula;(5) shall charge all distributions made by the board to or for a pension  fund or education fund to the account maintained for that fund.    (Source: P.A. 90-19, eff. 6-20-97.)
40 ILCS 5/22A-115
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22A - Investment Board

 (from Ch. 108 1/2, par. 22A-115)Sec. 22A-115.     Audits and reports.     At least annually, the books, records, accounts and securities of the  board shall be audited by a certified public accountant designated by the  Auditor General of the State. The audit opinion shall be published as a  part of the annual report of the board.For the quarterly periods ending September 30, December 31, and March  31, the board shall submit to each pension fund, retirement  system  or education fund  under  its jurisdiction a report embracing, among other things, the following  information: (a) a full description of the investments acquired, showing  average costs; (b) a full description of the securities sold or exchanged,  showing average proceeds or other conditions of an exchange; (c) gains or  losses realized during the period; (d) income from investments; (e)  administrative expenses of the board; and (f) the proportion of  administrative expenses allocable to each pension fund, retirement  system or education fund.An annual report shall be prepared by the board for submission to each  pension fund, retirement system or education fund under its  jurisdiction within 6 months  after the close of each fiscal year. A fiscal year shall date from July 1  of one year to June 30 of the year next following. This report shall embody  full information concerning the results of investment operations of the  board for the year, including the foregoing information and, in addition  thereto, the following:(a) a listing of the investments held by the board as at the end of the  year showing their book values and market values and their income yields on  market values;(b) the amounts as determined under paragraph (a) above allocable to  each pension fund or education fund managed by the board;(c) comments on the pertinent factors affecting the operations of the  board for the year;(d) a review of the policies maintained by the board and any changes  therein that occurred during the year;(e) a copy of the audited financial statements for the year;(f) recommendations for possible changes in the law governing the  operations of the board; and(g) a listing of the names of securities brokers and dealers dealt with  during the year showing the total amount of commissions received by each on  transactions with the board.    (Source: P.A. 84-1127.)
40 ILCS 5/22A-116
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22A - Investment Board

(40 ILCS 5/22A-116) (from Ch. 108 1/2, par. 22A-116)Sec. 22A-116.     (Repealed).     (Source: P.A. 76-1829.  Repealed by P.A. 89-657, eff. 8-14-96.)
40 ILCS 5/Art. 22B heading
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

 ARTICLE 22B.  THE POLICE OFFICERS' PENSION INVESTMENT FUND  (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/22B-101
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

Sec. 22B-101. Establishment.  The Police Officers' Pension Investment Fund is created with authority to manage the reserves, funds, assets, securities, properties, and moneys of the police pension funds created pursuant to Article 3 of this Code, all as provided in this Article.  (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/22B-102
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

Sec. 22B-102. Definitions. For the purposes of this Article, the following words and phrases shall have the meaning ascribed to them unless the context requires otherwise.  (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/22B-103
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

Sec. 22B-103. Fund. "Fund" means the Police Officers' Pension Investment Fund.  (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/22B-104
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

Sec. 22B-104. Transferor pension fund. "Transferor pension fund" means any pension fund established pursuant to Article 3 of this Code.  (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/22B-105
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

Sec. 22B-105. Participating pension fund. "Participating pension fund" means any  pension fund established pursuant to Article 3 of this Code that has transferred securities, funds, assets, and moneys, and responsibility for custody and control of those securities, funds, assets, and moneys, to the Fund pursuant to Section 3-132.1.  (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/22B-106
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

Sec. 22B-106. Pension fund assets. "Pension fund assets" means  the reserves, funds, assets, securities, and moneys  of any transferor pension fund.  (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/22B-107
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

Sec. 22B-107. Invest. "Invest" means to acquire, invest, reinvest, exchange, or retain pension fund assets of the transferor pension funds and to sell and manage the reserves, funds, securities, moneys, or assets of the transferor pension fund, all in accordance with this Article.  (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/22B-108
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

Sec. 22B-108. Investment advisor. "Investment advisor" means any person or business entity that provides investment advice to the Board on a personalized basis and with an understanding of the policies and goals of the Board. "Investment advisor" does not include any person or business entity that provides statistical or general market research data available for purchase or use by others.  (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/22B-112
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

Sec. 22B-112. Transition period. "Transition period" means the period immediately following the effective date of this amendatory Act of the 101st General Assembly during which pension fund assets, and responsibility for custody and control of those assets, will be transferred from the transferor pension funds to the board, as described in Section 22B-120.  (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/22B-113
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

Sec. 22B-113. Illinois Municipal League. "Illinois Municipal League" means the unincorporated, nonprofit, nonpolitical association of Illinois cities, villages, and incorporated towns described in Section 1-8-1 of the Illinois Municipal Code.  (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/22B-114
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

Sec. 22B-114. Purpose, establishment, and governance. The Fund is established to consolidate the transferor pension funds to streamline investments  and eliminate unnecessary and redundant administrative costs, thereby ensuring more money is available to fund pension benefits for the beneficiaries of the transferor pension funds. The transition board trustees and permanent board trustees of the Fund shall be fiduciaries for the participants and beneficiaries of the participating pension funds and shall discharge their duties with respect to the retirement system or pension fund solely in the interest of the participants and beneficiaries. Further, the transition board trustees and permanent board trustees, acting prudently and as fiduciaries, shall take all reasonable steps to ensure that all of the transferor pension funds are treated equitably and that the financial condition of one participating pension fund, including, but not limited to, pension benefit funding levels and ratios, will have no effect on the financial condition of any other transferor pension fund.  (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/22B-117
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

Sec. 22B-117. Meetings of the board.(a) The transition board and the permanent board shall each meet at least quarterly and otherwise upon written request of either the Chairperson or 3 other members. The Chairperson shall preside over meetings of the board.  The executive director and personnel of the board shall prepare agendas and materials and required postings for meetings of the board.(b) Six members of the board shall constitute a quorum.(c) All actions taken by the transition board and the permanent board shall require a vote of least 5 trustees, except that the following shall require a vote of at least 6 trustees: the adoption of actuarial assumptions;  the selection of the chief investment officer, fiduciary counsel, or a consultant as defined under Section 1-101.5 of this Code; the adoption of rules for the conduct of election of trustees; and the adoption of asset allocation policies and investment policies.   (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/22B-119
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22B - The Police Officers' Pension Investment Fund

Sec. 22B-119. Adoption of rules. The board shall adopt such rules (not inconsistent with this Code) as in its judgment are desirable to implement and properly administer this Article.  Such rules shall specifically provide for the following: (1) the implementation of the transition process described in Section 22B-120; (2) the process by which the participating pension funds may request transfer of funds; (3) the process for the transfer in, receipt for, and investment of pension assets received by the Fund after the transition period from the participating  pension funds; (4) the process by which contributions from municipalities for the benefit of the participating pension funds may, but are not required to, be directly transferred to the Fund; and (5) compensation and benefits for its employees. A copy of the rules adopted by the Fund shall be filed with the Secretary of State and the Department of Insurance. The adoption and effectiveness of such rules shall not be subject to Article 5 of the Illinois Administrative Procedure Act.  (Source: P.A. 101-610, eff. 1-1-20.)