# 40 ILCS 5/1-113.20: Section 1-113.20

> Illinois · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-113.20

## Section

- **Citation:** 40 ILCS 5/1-113.20
- **Heading:** Section 1-113.20
- **Jurisdiction:** Illinois
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Code / Chapter 40 / Act 5 / Section 1-113.20

## Text

(40 ILCS 5/1-113.20) Sec. 1-113.20. Investment strategies; explicit and implicit costs. Every pension fund, retirement system, and investment board created under this Code, except those whose investments are restricted by Section 1-113.2 of this Code, shall instruct the fund's, system's, or board's investment advisors to utilize investment strategies designed to ensure that all securities transactions are executed in such a manner that the total explicit and implicit costs and total proceeds in every transaction are the most favorable under the circumstances. (Source: P.A. 96-753, eff. 8-25-09.)

## Nearby sections

- [40 ILCS 5/1-103.1 Section 1-103.1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-103.1.md)
- [40 ILCS 5/1-103.3 Section 1-103.3](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-103.3.md)
- [40 ILCS 5/1-110.16 Section 1-110.16](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-110.16.md)
- [40 ILCS 5/1-111 Section 1-111](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-111.md)
- [40 ILCS 5/1-113.4a Section 1-113.4a](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-113.4a.md)
- [40 ILCS 5/1-113.12 Section 1-113.12](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-113.12.md)
- [40 ILCS 5/1-113.20 Section 1-113.20](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-113.20.md)
- [40 ILCS 5/1-113.22 Section 1-113.22](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-113.22.md)
- [40 ILCS 5/1-113.23 Section 1-113.23](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-113.23.md)
- [40 ILCS 5/1-114 Section 1-114](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-114.md)
- [40 ILCS 5/1-118 Section 1-118](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-118.md)
- [40 ILCS 5/1-120 Section 1-120](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-120.md)
- [40 ILCS 5/1-130 Section 1-130](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-130.md)
- [40 ILCS 5/1-145 Section 1-145](https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-145.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_C40_A5_S1-113.20. Check the current official text before relying on it. Not legal advice.