State of Illinois
2021 and 2022


Introduced 2/17/2021, by Rep. Emanuel Chris Welch


15 ILCS 505/1  from Ch. 130, par. 1

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

LRB102 03602 RJF 13615 b





HB1571LRB102 03602 RJF 13615 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
11in Sections 14.1 and 14.2 of the Official Bond Act. The bond
12shall be 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
16office, and (iii) that the Treasurer will give additional
17bonds when legally required.
18(Source: P.A. 90-372, eff. 7-1-98.)