Bill Text: IL HB2042 | 2015-2016 | 99th 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: (Introduced - Dead) 2015-04-24 - Rule 19(a) / Re-referred to Rules Committee [HB2042 Detail]

Download: Illinois-2015-HB2042-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 HB2042 Introduced , by Rep. Jim Durkin 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.
LRB099 06979 JLK 27061 b
A BILL FOR
HB2042 LRB099 06979 JLK 27061 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.)