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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
SB2987
Introduced 2/6/2004, by Don Harmon SYNOPSIS AS INTRODUCED:
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15 ILCS 505/1 |
from Ch. 130, par. 1 |
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Amends the State Treasurer Act. Makes a technical change in a
Section concerning bond.
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A BILL FOR
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SB2987 |
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LRB093 20624 MKM 46458 b |
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| AN ACT in relation to the State Treasurer.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The State Treasurer Act is amended by changing
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| Section 1 as follows:
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| (15 ILCS 505/1) (from Ch. 130, par. 1)
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| Sec. 1. Bond.
That The Treasurer of this State shall give |
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| bond,
before
entering upon the duties of his or her office, in |
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| the penal
sum of $500,000 by inclusion in the blanket bond or |
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| bonds or
self-insurance program provided for in Sections 14.1 |
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| and 14.2 of the Official
Bond Act. The bond shall be |
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| conditioned (i) for the faithful
discharge
of the Treasurer's |
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| duties, (ii) to deliver up all
moneys, papers, books, records, |
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| and other property
appertaining to his or her office, whole, |
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| safe, and undefaced, to
the successor in
office, and (iii) that |
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| the Treasurer will give additional bonds when legally
required.
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| (Source: P.A. 90-372, eff. 7-1-98.)
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