30 ILCS 238/1
Short title
Short title. This Act may be cited as the Illinois Sustainable Investing Act. (Source: P.A. 101-473, eff. 1-1-20.)
Illinois Compiled Statutes 30 ILCS 238 — Illinois Sustainable Investing Act.
Illinois · statute · 30 ILCS 238 · 8 active provisions
30 ILCS 238/5
Findings and purpose
Findings and purpose. (a) The General Assembly finds that consideration of factors relevant to the environmental impact, social impact, and governance of investments is vital for maximizing the safety and performance of public funds. Such sustainability factors are indicative of the overall performance of an investment…
30 ILCS 238/10
Definitions
Definitions. As used in this Act: "Financial institution" means a bank, savings bank, or credit union established under the laws of the State of Illinois, another state, or the United States of America. "Governmental unit" has the same meaning as in the Local Government Debt Reform Act. "Investment manager" means: (1)…
30 ILCS 238/15
Development of sustainable investment policies
Development of sustainable investment policies. (a) Any public agency or governmental unit should develop, publish, and implement sustainable investment policies applicable to the management of all public funds under its control. The sustainable investment policy may be incorporated in existing investment policies deve…
30 ILCS 238/20
Consideration of sustainable investment factors in decision-making
Consideration of sustainable investment factors in decision-making. (a) A public agency shall prudently integrate sustainability factors into its investment decision-making, investment analysis, portfolio construction, due diligence, and investment ownership in order to maximize anticipated financial returns, minimize…
30 ILCS 238/100
(Amendatory provisions; text omitted)
(Amendatory provisions; text omitted). (Source: P.A. 101-473, eff. 1-1-20; text omitted.)
30 ILCS 238/105
(Amendatory provisions; text omitted)
(Amendatory provisions; text omitted). (Source: P.A. 101-473, eff. 1-1-20; text omitted.)
30 ILCS 238/110
(Amendatory provisions; text omitted)
(Amendatory provisions; text omitted). (Source: P.A. 101-473, eff. 1-1-20; text omitted.)