State of Illinois
92nd General Assembly
Legislation

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92_HB3734

 
                                               LRB9211610AGmb

 1        AN ACT concerning public funds.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Public Funds Accounting Act is amended by
 5    changing Section 4 as follows:

 6        (30 ILCS 20/4) (from Ch. 102, par. 23)
 7        Sec.  4.  No  funds, monies, or other things of value, in
 8    the hands  of  the  treasurer  of  any  public  or  municipal
 9    corporation,  shall  be  paid  out,  disbursed  or delivered,
10    except upon warrant, draft,  electronic  funds  transfer,  or
11    order  signed and countersigned by the officers of the public
12    or municipal corporation authorized to sign  and  countersign
13    the  same.  Such  funds may be disbursed by the treasurer, by
14    check issued or signed by him or his  authorized  deputy.  If
15    required by statute, ordinance or resolution such check shall
16    be  countersigned  by  an  officer  or agent of the public or
17    municipal corporation on whose behalf  such  disbursement  is
18    made. This provision shall apply to all treasurers, including
19    county  treasurers  and ex-officio county collectors of taxes
20    and special assessments, and to all  payments,  disbursements
21    or  deliveries,  whether  under  the  order  of  a  court  or
22    otherwise.
23    (Source: Laws 1937, p. 937.)

24        Section  99.  Effective date.  This Act takes effect upon
25    becoming law.

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