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HB 4560

Illinois - Session 104

House of Representatives in_committee 2026-03-20
Bill Details

Title: TREASURER-PRESENTMENT WARRANTY

Summary

Amends the State Treasurer Act. Provides that the State Treasurer may bring a claim against a warrantor of a draft for breach of a presentment warranty to recover State funds in accordance with the Uniform Commercial Code. Provides that a claim brought by the State Treasurer is not subject to the limitations provided for in those provisions of the Uniform Commercial Code. Provides that the amendatory changes are declaratory of existing law. Effective immediately.

Sponsor
Michael J. Kelly
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2026-01-30 Introduced Bill introduced
2026-03-20 Status in_committee
2026-03-20 Latest Action 3/20/2026 - House:
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