(40 ILCS 5/7-214) (from Ch. 108 1/2, par. 7-214)
Sec. 7-214. State treasurer.
The State Treasurer shall be the treasurer of the fund and shall be responsible for the proper handling of all the assets of the fund in accordance with this Article. He shall furnish a corporate surety bond of such amount as the board designates, which bond shall indemnify the board against any loss which may result from any action or failure to act by the treasurer or any of his agents. All charges incidental to the procuring and giving of such bond shall be paid by the board.
(Source: Laws 1963, p. 161.)
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Last modified: February 18, 2015