94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1653

 

Introduced 2/14/2005, by Rep. Michael J. Madigan - Barbara Flynn Currie

 

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.


LRB094 02702 RCE 32703 b

 

 

A BILL FOR

 

HB1653 LRB094 02702 RCE 32703 b

1     AN ACT concerning State government.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The State Treasurer Act is amended by changing
5 Section 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
8 give bond, before entering upon the duties of his or her
9 office, in the penal sum of $500,000 by inclusion in the
10 blanket bond or bonds or self-insurance program provided for in
11 Sections 14.1 and 14.2 of the Official Bond Act. The bond shall
12 be conditioned (i) for the faithful discharge of the
13 Treasurer's duties, (ii) to deliver up all moneys, papers,
14 books, records, and other property appertaining to his or her
15 office, whole, safe, and undefaced, to the successor in office,
16 and (iii) that the Treasurer will give additional bonds when
17 legally required.
18 (Source: P.A. 90-372, eff. 7-1-98.)