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<xml>
<title>Illinois General Assembly - Bill Status for HB 5426   </title>
<shortdesc>PEN CD-CHI FIRE-GAMING FUNDS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Brandon W. Phelps</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/6-165</reference><aliasreference>from Ch. 108 1/2, par. 6-165</aliasreference><reference>30 ILCS 805/8.36 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides that the city shall deposit with the city treasurer for the benefit of the fund, a minimum of 20% of all proceeds collected by the city from newly established gaming revenue sources arising out of legislation enacted in 2012 or thereafter. These deposits shall continue until the stabilization of the fund has been deemed to have occurred by an independent actuarial organization mutually agreed upon by the city, employee representatives, and the board of the fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2012</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Angelo Saviano</action>
<statusdate>2/15/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/15/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/15/2012</statusdate><chamber>House</chamber><action>Chief Sponsor Changed to Rep. Brandon W. Phelps</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

