JB Pritzker, Governor, State of Illinois

Agenda Book – June 22, 2023

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

June 22, 2023
1:00 p.m.

Deerfield Office
3rd Floor – Room 3030
1755 Lake Cook Road
Deerfield, Illinoi

Springfield Office
3rd Floor Conference
500 W. Monroe
Springfield, Illinois

  1. Announcements
  2. Approval of the Commission and Investment Committee Meeting Minutes (Action)
    1. Approval of the April 13, 2023, Minutes of the Joint Commission/Investment/Advisory Panel Meeting (Action: Commission)
      Action Taken: Approved
    2. Approval of the May 25, 2023, minutes of the Investment Committee Meeting (Action: Investment Committee)
      Action Taken: Approved
  3. Approval for the Destruction of Open Meeting Verbatim Records (Action: Commission, Investment Committee)
    1. Approval of Investment Committee Open Meeting Verbatim Records for Destruction (Action: Investment Committee)
      Action Taken: Approved
    2. Approval of the Commission Open Meeting Verbatim Records for Destruction (Action: Commission)
      Action Taken: Approved
  4. Executive Director's Report (Information)
  5. Legislative Update (Information)
  6. Approval of Fiscal Year 2024 Monetary Award Program (MAP) Recompute Formula (Action)
    Action Taken: Approved
  7. Fiscal Year 2024 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
  8. IDAPP Investment Policy Review and Adoption (Action: Commission)
    Action Taken: Approved
  9. 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. International Equity Restructuring Proposal (Action: Commission)
      Action Taken: Approved
    6. Investment Policy Review and Adoption (Action: Investment Committee) (Action: Commission)
      Action Taken: Approved
  10. Audit Committee
    1. Approval of the Fiscal Year 2024 Internal Audit Plan (Action)
      Action Taken: Approved
    2. Review and Approval of the Audit Committee Charter (Action: Commission)
      Action Taken: Approved
    3. Audit Committee Update (Information)
    4. Appointment of Audit Committee Member (Action)
      Action Taken: Approved
  11. Public Comment