97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0384

 

Introduced 01/31/11, by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
15 ILCS 505/1  from Ch. 130, par. 1

    Amends the State Treasurer Act. Makes a technical change in a Section concerning bond.


LRB097 03271 RLJ 43308 b

 

 

A BILL FOR

 

HB0384LRB097 03271 RLJ 43308 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
5Section 1 as follows:
 
6    (15 ILCS 505/1)  (from Ch. 130, par. 1)
7    Sec. 1. Bond. That That the Treasurer of this State shall
8give bond, before entering upon the duties of his or her
9office, in the penal sum of $500,000 by inclusion in the
10blanket bond or bonds or self-insurance program provided for in
11Sections 14.1 and 14.2 of the Official Bond Act. The bond shall
12be conditioned (i) for the faithful discharge of the
13Treasurer's duties, (ii) to deliver up all moneys, papers,
14books, records, and other property appertaining to his or her
15office, whole, safe, and undefaced, to the successor in office,
16and (iii) that the Treasurer will give additional bonds when
17legally required.
18(Source: P.A. 90-372, eff. 7-1-98.)