Agenda Book - June 24, 2019

Joint meeting of the Illinois Student Assistance Commission and the Investment Committee

Michael A. Bilandic Building
Room N-505
160 N. LaSalle St.
Chicago, IL

June 24, 2019
1:00 p.m.

1. Announcements
2. Approval of the Commission and Investment Committee Meeting Minutes (Action)
   1. Approval of the April 4, 2019 Minutes of the Commission Meeting (Action: Commission)
      Action Taken: Approved
   2. Approval of the April 25, 2018 of the Meeting of the Investment Committee Meeting (Action: Investment Committee)
      Action Taken: Approved
3. Executive Director’s Report (Information)
4. State Legislative Update (Information)
5. Approval of the Fiscal Year 2020 Monetary Award Program (MAP) Recompute Formula (Action)
   Action Taken: Approved
6. Fiscal Year 2020 Budget Review and Approvals (Action)
   Action Taken: Approved as amended
   1. Approval of the Student Loan Operating Fund (SLOF) Budget 
   2. Approval of the Illinois Designated Account Purchase Program (IDAPP) Budget 
   3. Approval of the College Illinois!® Prepaid Tuition Program Budget 
   4. Approval of the GEAR UP Grant Budget 
7. College Illinois! Prepaid Tuition Program Investments
   1. Investment Update (Information)
   2. Compliance Review (Information)
   3. Approval of Changes to the Watchlist and Manager Recommendation
      1. Approval of Changes to the Watch List (Action: Investment Committee)
         Action Taken: No Action Needed
      2. Approval of Manager Recommendation (Action: Commission)
         Action Taken: Approved
   4. Asset Allocation Review (Action: Commission)
      Action Taken: Approved
   5. Investment Policy Review and Adoption (Action: Commission)
      Action Taken: Approved
   6. Prepaid Tuition Program Update (Information)
8. Audit Committee
   1. Approval of the Fiscal Year 2020 Internal Audit Plan (Action)
      Action Taken: Approved
   2. Audit Committee Update (Information)
9. Public Comment
10. Closed Session: Personnel
11. Approval of Closed Session Action Items
    1. Personnel Evaluation (Action)
       Action Taken: Approved