JB Pritzker, Governor, State of Illinois

Agenda Book – June 26, 2025

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

June 26, 2025
1:00 p.m.

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

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

  1. Announcements
  2. Approval of the Joint Commission Meeting Minutes
    1. Approval of the April 17, 2025 Investment Portion of Minutes of the Joint Meeting of the Commission/Investment Committee/Investment Advisory Panel Meeting (Action: Investment Committee)
      Action Taken: Approved
    2. Approval of the April 17, 2025 Full Minutes of the Joint Commission/Investment Committee/Investment Advisory Panel Meeting (Action: Commission)
      Action Taken: Approved
  3. Executive Director's Report (Information)
  4. Legislative Update (Information)
  5. Approval of Fiscal Year 2026 Monetary Award Program (MAP) Recompute Formula (Action)
    Action Taken: Approved
  6. Fiscal Year 2026 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. Prepaid Tuition Program Update (Information)
    2. Investment Update (Information)
    3. Approval of Changes to the Watch List (Action: Investment Committee)
      Action Taken: No action at this time
    4. Compliance Review (Information)
    5. Asset Allocation Review (Action: Commission/Investment Committee)
      Action Taken: Approved
    6. Investment Policy Review and Adoption (Action: Commission/Investment Committee)
      Action Taken: Approved
  8. Audit Committee
    1. Approval of the Fiscal Year 2026 Internal Audit Plan (Action)
      Action Taken: Approved
    2. Audit Committee Update (Information)
  9. Public Comment
  10. Closed Session: Review of Closed Minutes (Information)
  11. Audit Committee
    1. Approval of the Closed Minutes of the April 17, 2025 Joint Commission, Investment Committee, and Investment Advisory Panel Meeting (Action: Commission/Investment Committee)
      Action Taken: Approved