Illinois General Assembly - Full Text of HB0379
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Full Text of HB0379  102nd General Assembly




HB0379 EngrossedLRB102 10032 RPS 15352 b

1    AN ACT concerning public employee benefits.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Illinois Pension Code is amended by
5changing Section 17-147 as follows:
6    (40 ILCS 5/17-147)  (from Ch. 108 1/2, par. 17-147)
7    Sec. 17-147. Custody of Fund; bonds; legal Fund - Bonds -
8Legal proceedings. The city treasurer, ex officio ex-officio,
9shall be the custodian of the Fund, and shall secure and safely
10keep it, subject to the control and direction of the Board. The
11city treasurer He shall keep the his books and accounts
12concerning the Fund in the manner prescribed by the Board. The
13books and accounts shall always be subject to the inspection
14of the Board or any member thereof. The city treasurer shall be
15liable on the city treasurer's his official bond for the
16proper performance of his duties and the conservation of the
18    Payments from the Fund shall be made upon checks or
19through direct deposit transmittals authorized warrants signed
20by the president and the secretary of the Board of Education,
21the president of the Board, and countersigned by the executive
22director or by such person as the Board may designate from time
23to time by appropriate resolution.



HB0379 Engrossed- 2 -LRB102 10032 RPS 15352 b

1    Neither the treasurer nor any other officer having the
2custody of the Fund is entitled to retain any interest
3accruing thereon, but such interest shall accrue and inure to
4the benefit of such Fund, become a part thereof, subject to the
5purposes of this Article.
6    Any legal proceedings necessary for the enforcement of the
7provisions of this Article shall be brought by and in the name
8of the Board of the Fund.
9(Source: P.A. 90-566, eff. 1-2-98.)