CHICAGO — In a move prompted by the Securities and Exchange Commission’s heightened scrutiny of pension-disclosure practices, Illinois unveiled overhauled reporting standards in its latest bond offering statement that also announced a rise in unfunded pension liabilities to $75.7 billion and revealed a pending SEC inquiry.

The state intends to sell $3.7 billion of eight-year taxable general obligation bonds in mid-February to fund much of the fiscal 2011 payments owed to its five public pension funds.

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