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Public Act 104-0497
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| HB4560 Enrolled | LRB104 17330 SPS 30754 b |
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois, |
represented in the General Assembly:
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Section 5. The State Treasurer Act is amended by adding |
Section 11.5 as follows:
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(15 ILCS 505/11.5 new) |
Sec. 11.5. Recovery for breach of presentment warranties. |
The Treasurer may bring a claim against a warrantor of a draft |
for breach of a presentment warranty to recover State funds in |
accordance with Sections 3-417 and 4-208 of the Uniform |
Commercial Code. However, a claim brought by the Treasurer |
under those Sections is not subject to the limitations |
provided for in subsection (e) of Section 3-417 or subsection |
(e) of Section 4-208 of the Uniform Commercial Code. The |
changes made by this amendatory Act of the 104th General |
Assembly are declaratory of existing law.
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Section 99. Effective date. This Act takes effect upon |
becoming law. |