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IL SB2719

Bill

Status

Failed

1/9/2019

Primary Sponsor

Bill Brady

Click for details

Origin

Senate

100th General Assembly

AI Summary

  • Amends Section 1 of the State Treasurer Act (15 ILCS 505/1) to make a technical change regarding bond requirements.
  • State Treasurer must provide a $500,000 bond before taking office through blanket bond, bonds, or self-insurance program under the Official Bond Act.
  • Bond conditions require faithful discharge of duties, delivery of all moneys and property to successor, and provision of additional bonds when legally required.
  • Changes the word "That" to "That" at the beginning of the bond requirement section (technical grammatical correction).

Legislative Description

STATE GOVERNMENT-TECH

Last Action

Session Sine Die

1/9/2019

Committee Referrals

Assignments4/27/2018
Executive2/20/2018
Assignments2/13/2018

Full Bill Text

No bill text available