Amends the Illinois Pension Code to clarify and correct technical language in the Section concerning prohibited transactions.
The bill amends the Illinois Pension Code to make a technical change in the Section concerning prohibited transactions. It corrects and clarifies the language to ensure that the prohibitions on certain transactions involving retirement systems, pension funds, and investment boards are accurately described. The changes aim to prevent fiduciaries from engaging in transactions that could be detrimental to the interests of the retirement system or pension fund.
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