JB Pritzker, Governor, State of Illinois

Agenda Book – June 16, 2022

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

WebEx Virtual Event - Audio recording here https://youtu.be/EErOLPOw_Sg

June 16, 2022
1:00 p.m.

  1. Announcements
  2. Approval of the Commission and Investment Committee Meeting Minutes (Action)(Action)
    1. Approval of the April 14, 2022, Minutes of the Joint Commission/Investment/Advisory Panel Meeting (Action: Commission)
      Action Taken: Approved
    2. Approval of the May 26, 2022, minutes of the Investment Committee Meeting (Action: Investment Committee)
      Action Taken: Approved
  3. Executive Director’s Report (Information)
  4. Approval of Fiscal Year 2023 Monetary Award Program (MAP) Recompute Formula (Action)
    Action Taken: Approved
  5. Fiscal Year 2023 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
  6. College Illinois! Prepaid Tuition Program Investments
    1. Prepaid Tuition Program Update (Information)
    2. Investment Update (Information)
    3. Compliance Review (Information)
    4. Asset Allocation Review (Action: Commission)
      Action Taken: Approved
    5. Treasury Proposal for State Funding Received (Action: Commission)
      Action Taken: Approved
    6. Investment Policy Review and Adoption (Action: Commission)
      Action Taken: Approved
  7. Audit Committee
    1. Approval of the Fiscal Year 2023 Internal Audit Plan (Action)
    2. Audit Committee Update (Information)
  8. Public Comment