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