Bill Text: IL SB0261 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the State Treasurer Act. Makes a technical change in a Section concerning bond.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die [SB0261 Detail]
Download: Illinois-2011-SB0261-Introduced.html
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1 | AN ACT concerning State government.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The State Treasurer Act is amended by changing | |||||||||||||||||||
5 | Section 1 as follows:
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6 | (15 ILCS 505/1) (from Ch. 130, par. 1)
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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.)
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