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IL HB4924

Bill

Status

Passed

5/13/2022

Primary Sponsor

Jay Hoffman

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Amends Section 4-130 of the Illinois Pension Code regarding the treasurer of municipal pension boards
  • Removes the requirement that the treasurer execute a bond to the municipality within 10 days of election or appointment
  • Eliminates provisions specifying bond conditions, penal sums, and approval procedures by the board
  • Removes provisions for filing the bond in the municipal clerk's office or fire protection district secretary's office
  • Eliminates provisions allowing suits on the bond for breach or injury resulting from the treasurer's actions
  • Takes effect upon becoming law

Legislative Description

PENCD-DNST FIRE-TREASURER BOND

Last Action

Public Act . . . . . . . . . 102-0787

5/13/2022

Committee Referrals

Pensions3/16/2022
Assignments3/16/2022
Personnel & Pensions2/9/2022
Rules1/27/2022

Full Bill Text

No bill text available