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HB4560 Enrolled LRB104 17330 SPS 30754 b 1 AN ACT concerning State government. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The State Treasurer Act is amended by adding 5 Section 11.5 as follows: 6 (15 ILCS 505/11.5 new) 7 Sec. 11.5. Recovery for breach of presentment warranties. 8 The Treasurer may bring a claim against a warrantor of a draft 9 for breach of a presentment warranty to recover State funds in 10 accordance with Sections 3-417 and 4-208 of the Uniform 11 Commercial Code. However, a claim brought by the Treasurer 12 under those Sections is not subject to the limitations 13 provided for in subsection (e) of Section 3-417 or subsection 14 (e) of Section 4-208 of the Uniform Commercial Code. The 15 changes made by this amendatory Act of the 104th General 16 Assembly are declaratory of existing law. 17 Section 99. Effective date. This Act takes effect upon 18 becoming law.
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