JB Pritzker, Governor, State of Illinois

Agenda Book – June 18, 2020

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

WebEx Virtual Event

June 18, 2020
1:00 p.m.

  1. Announcements
  2. Approval of the Commission and Investment Committee Meeting Minutes (Action)
    1. Approval of the April 28, 2020 Minutes of the Joint Commission/Investment Meeting (Action: Commission)
      Action Taken: Approved
    2. Approval of the May 28, 2020 minutes of the Investment Committee Meeting (Action: Investment Committee)
      Action Taken: Approved
  3. Executive Director's Report (Informational)
  4. State Legislative Update (Information)
  5. Approval of Fiscal Year 2021 Monetary Award Program (MAP) Recompute Formula (Action)
    Action Taken: Approved
  6. Fiscal Year 2021 Budget Review and Approvals
    1. Approval of the Student Loan Operating Fund (SLOF) Budget (Action)
      Action Taken: Approved
    2. Approval of the Illinois Designated Account Purchase Program (IDAPP) Budget (Action)
      Action Taken: Approved
    3. Approval of the College Illinois!® Prepaid Tuition Program Budget (Action)
      Action Taken: Approved
    4. Approval of the GEAR UP Grant Budget (Action)
      Action Taken: Approved
    5. Contracts for Annual Budget Approval Process (Action)
      Action Taken: Approved
  7. College Illinois! Prepaid Tuition Program Investments
    1. Investment Update (Information)
    2. Compliance review (Information)
    3. Asset Allocation Review (Action: Commission)
      Action Taken: Approved
    4. Investment Policy Review and Adoption (Action: Commission)
      Action Taken: Approved
  8. Audit Committee
    1. Approval of the Fiscal Year 2021 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