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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB1419
Introduced 2/18/2009, by Rep. Michael J. Madigan - Barbara Flynn Currie - Jack D. Franks SYNOPSIS AS INTRODUCED:
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15 ILCS 505/1 |
from Ch. 130, par. 1 |
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Amends the State Treasurer Act. Makes a technical change in a
Section concerning bond.
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A BILL FOR
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HB1419 |
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LRB096 04901 RCE 14967 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, |
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| represented in the General Assembly:
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| Section 5. The State Treasurer Act is amended by changing |
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| Section 1 as follows:
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| (15 ILCS 505/1) (from Ch. 130, par. 1)
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| Sec. 1. Bond. That
That the Treasurer of this State shall |
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| give bond,
before
entering upon the duties of his or her |
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| office, in the penal
sum of $500,000 by inclusion in the |
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| blanket bond or bonds or
self-insurance program provided for in |
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| Sections 14.1 and 14.2 of the Official
Bond Act. The bond shall |
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| be conditioned (i) for the faithful
discharge
of the |
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| Treasurer's duties, (ii) to deliver up all
moneys, papers, |
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| books, records, and other property
appertaining to his or her |
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| office, whole, safe, and undefaced, to
the successor in
office, |
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| and (iii) that the Treasurer will give additional bonds when |
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| legally
required. |
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| (Source: P.A. 90-372, eff. 7-1-98.)
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