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<xml>
<title>Illinois General Assembly - Bill Status for SB 3403</title>
<shortdesc>PEN CD-BD OF INVESTMENT AUDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Robert F. Martwick</sponsors>
</sponsor>
<lastaction>
<statusdate>3/5/2026</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 10, 2026</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/22A-115</reference><aliasreference>from Ch. 108 1/2, par. 22A-115</aliasreference><SynopsisText>Amends the Investment Board Article of the Illinois Pension. Provides that, if the Illinois State Board of Investment has not received a required audit opinion by December 15, the Board shall not be considered in violation of a provision requiring an annual report to each pension fund, retirement system, or education fund under the Board's jurisdiction within 6 months after the close of each fiscal year. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2026</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Robert F. Martwick</action>
<statusdate>2/4/2026</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/4/2026</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/17/2026</statusdate><chamber>Senate</chamber><action>Assigned to Pensions</action>
<statusdate>3/4/2026</statusdate><chamber>Senate</chamber><action>Do Pass Pensions;  007-000-000</action>
<statusdate>3/4/2026</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 5, 2026</action>
<statusdate>3/5/2026</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/5/2026</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 10, 2026</action>
</actions>
</xml>
