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IL SB3212
Bill
Status
Failed
1/13/2015
Primary Sponsor
Christine Radogno
Click for details
AI Summary
- Amends the State Treasurer Act (15 ILCS 505/1) to make a technical change regarding bond requirements
- Requires the State Treasurer to post a $500,000 bond before assuming office through blanket bond or self-insurance program under the Official Bond Act
- Bond must guarantee faithful discharge of duties, delivery of all moneys and property to successor, and provision of additional bonds when legally required
- Makes a grammatical correction by replacing "That" with "That" in the bond provision language
- Effective date references P.A. 90-372 (July 1, 1998)
Legislative Description
STATE GOVERNMENT-TECH
Last Action
Session Sine Die
1/13/2015
Committee Referrals
Assignments2/11/2014
Full Bill Text
No bill text available