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91_HR0078
LRB9104633EGfg
1 HOUSE RESOLUTION
2 WHEREAS, The Office of the State Treasurer has for many
3 years operated a successful program of linked deposits, under
4 which the investment of State funds is linked to the
5 accomplishment of various public policy objectives; and
6 WHEREAS, Several other states have implemented linked
7 investment programs for the assets of their public employee
8 pension funds; and
9 WHEREAS, The various public employee pension funds in
10 Illinois currently have total assets in excess of $50
11 billion; and
12 WHEREAS, The use of even a small portion of those assets
13 to accomplish the State's public policy objectives could have
14 an important impact on the well-being of the people of this
15 State; therefore be it
16 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
17 NINETY-FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that
18 the Reinvest Illinois Task Force is hereby created, to
19 consist of 4 legislative and 3 nonlegislative members
20 appointed by the Speaker of the House and 4 legislative
21 members appointed by the House Minority Leader; and be it
22 further
23 RESOLVED, That the Task Force shall examine and consider
24 pension investment programs in other states that are designed
25 to assist financial ventures in economically depressed areas,
26 and shall consider the advisability of authorizing or
27 requiring such a pension investment program in Illinois; and
28 be it further
29 RESOLVED, That the Task Force shall report its findings
30 and recommendations to the House by January 15, 2000, and
31 shall thereupon be dissolved.