State of Illinois
91st General Assembly
Legislation

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[ Introduced ][ Enrolled ][ House Amendment 001 ]
[ Conference Committee Report 001 ]

91_SB1014eng

 
SB1014 Engrossed                               LRB9105628DHmg

 1        AN ACT concerning the State Treasurer.

 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
 5    changing Section 1 as follows:

 6        (15 ILCS 505/1) (from Ch. 130, par. 1)
 7        Sec. 1.  Bond.  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
11    in Sections 14.1 and 14.2 of the Official Bond Act.  The bond
12    shall 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
16    office,  and  (iii)  that  the Treasurer will give additional
17    bonds when legally required.
18    (Source: P.A. 90-372, eff. 7-1-98.)

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