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IL SB0261

Bill

Official Source

Status

Failed

1/8/2013

Primary Sponsor

John Cullerton

Click for details

Origin

Senate

97th General Assembly

AI Summary

  • Amends Section 1 of the State Treasurer Act (15 ILCS 505/1) to make a technical change to language concerning the State Treasurer's bond requirement
  • Requires the State Treasurer to provide a $500,000 bond before taking office, either through a blanket bond, bonds, or self-insurance program under the Official Bond Act
  • Bond must ensure faithful discharge of duties, proper delivery of all moneys and property to successor, and provision of additional bonds when legally required
  • Changes "That the Treasurer" to "That the Treasurer" (technical correction to existing statutory language)
  • Effective date references P.A. 90-372 from July 1, 1998

Legislative Description

STATE GOVERNMENT-TECH

Last Action

Session Sine Die

1/8/2013

Committee Referrals

Assignments3/18/2011
Executive Appointments3/3/2011
Assignments2/8/2011

Full Bill Text

No bill text available