Bill Text: IL HB1874 | 2013-2014 | 98th General Assembly | Introduced

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

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2014-12-03 - Session Sine Die [HB1874 Detail]

Download: Illinois-2013-HB1874-Introduced.html

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98TH GENERAL ASSEMBLY State of Illinois 2013 and 2014 HB1874 Introduced , by Rep. Tom Cross 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.
LRB098 05854 JDS 35893 b
A BILL FOR
HB1874 LRB098 05854 JDS 35893 b
AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The State Treasurer Act is amended by changing
Section 1 as follows:
(15 ILCS 505/1) (from Ch. 130, par. 1)
Sec. 1. Bond. That That the Treasurer of this State shall
give bond, before entering upon the duties of his or her
office, in the penal sum of $500,000 by inclusion in the
blanket bond or bonds or self-insurance program provided for in
Sections 14.1 and 14.2 of the Official Bond Act. The bond shall
be conditioned (i) for the faithful discharge of the
Treasurer's duties, (ii) to deliver up all moneys, papers,
books, records, and other property appertaining to his or her
office, whole, safe, and undefaced, to the successor in office,
and (iii) that the Treasurer will give additional bonds when
legally required.
(Source: P.A. 90-372, eff. 7-1-98.)