(5 ILCS 260/14.2) (from Ch. 103, par. 14.2)
Sec. 14.2.
The penal sum of the blanket bond or bonds shall be fixed by
the Director of Central Management Services with the approval
of the Governor and shall satisfy
the bonding requirements of other laws, heretofore or hereinafter enacted,
if the blanket bond amount or amounts per loss are equal to or greater than
the bond amount required per person in said other laws. The blanket bond
or bonds may contain a deductible or self-insurance provision in an
amount determined by the
Director of Central Management Services to be consistent
with economic Risk Management.
(Source: P.A. 86-12.)
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