Illinois General Assembly - Full Text of SB1834
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Full Text of SB1834  93rd General Assembly

SB1834 93rd General Assembly


                                     SRS093 00071 SMW 00071 b

 1        AN ACT in relation to the State Treasurer.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.   The  State  Treasurer  Act  is  amended  by
 5    changing Section 1 as follows:

 6        (15 ILCS 505/1) (from Ch. 130, par. 1)
 7        Sec.  1.  Bond.   That  The Treasurer of this State shall
 8    give bond, before entering upon the  duties  of  his  or  her
 9    office,  in  the  penal  sum  of $500,000 by inclusion in the
10    blanket bond or bonds or self-insurance program provided  for
11    in Sections 14.1 and 14.2 of the Official Bond Act.  The bond
12    shall  be  conditioned  (i) for the faithful discharge of the
13    Treasurer's duties, (ii) to deliver up  all  moneys,  papers,
14    books, records, and other property appertaining to his or her
15    office,  whole,  safe,  and  undefaced,  to  the successor in
16    office, and (iii) that the  Treasurer  will  give  additional
17    bonds when legally required.
18    (Source: P.A. 90-372, eff. 7-1-98.)