99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB2260

 

Introduced 1/27/2016, by Sen. Michael E. Hastings

 

SYNOPSIS AS INTRODUCED:
 
15 ILCS 505/11  from Ch. 130, par. 11
15 ILCS 505/14  from Ch. 130, par. 14

    Amends the State Treasurer Act. Eliminates a provision requiring the State Treasurer to make a record of the name of the person to whom a warrant is made payable upon being presented with a warrant to be countersigned. Requires the State Treasurer to (1) report to the State Comptroller at appropriate intervals but at least once per month (currently, at the close of each month) the amount of money received and paid out by him during that time period, and (2) report to (currently, deposit with) the Comptroller all warrants, properly canceled, which he may have paid.


LRB099 16093 SMS 40417 b

 

 

A BILL FOR

 

SB2260LRB099 16093 SMS 40417 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Treasurer Act is amended by changing
5Sections 11 and 14 as follows:
 
6    (15 ILCS 505/11)  (from Ch. 130, par. 11)
7    Sec. 11. When any warrant is presented to the State
8Treasurer to be countersigned, he shall do so if the warrant is
9in proper form and there are sufficient moneys in the fund to
10pay the warrant. He shall also make a record of the date and ,
11amount of each warrant and name of the person to whom the same
12is made payable.
13    Upon request for a wire or electronic transfer of funds
14pursuant to a warrant payable from the State treasury, the
15State Treasurer may impose upon and collect from the requesting
16payee a service charge covering all costs of such transfer.
17(Source: P.A. 83-1249.)
 
18    (15 ILCS 505/14)  (from Ch. 130, par. 14)
19    Sec. 14.
20    He shall, at appropriate intervals but at least once each
21month at the close of each month, report to the State
22Comptroller the amount of money received and paid out by him

 

 

SB2260- 2 -LRB099 16093 SMS 40417 b

1during the time period month, stating on what account the same
2was received and paid; and shall, at appropriate intervals but
3at least once each month, report to deposit with the
4Comptroller all warrants, properly canceled, which he may have
5paid, and take the Comptroller's receipt for the same.
6(Source: P.A. 78-592.)