State of Illinois
2019 and 2020


Introduced 1/31/2019, by Sen. John J. Cullerton


15 ILCS 505/1  from Ch. 130, par. 1

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

LRB101 04492 RJF 49500 b





SB0731LRB101 04492 RJF 49500 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.)