IllinoisHB4560104th General Assembly (2025–2026)House

TREASURER-PRESENTMENT WARRANTY

Sponsored By: Sponsor information unavailable

Became Law

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.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Treasurer can recover funds from bad drafts

The Illinois State Treasurer can sue a warrantor of a draft for breaking a presentment warranty. The case follows Uniform Commercial Code Sections 3-417 and 4-208. The usual limits in subsection (e) of those sections do not apply to the Treasurer’s claims. The law confirms existing practice and takes effect immediately.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

  • Diane Blair-Sherlock

    Affiliation unavailable

  • Lakesia Collins

    Affiliation unavailable

  • Michael J. Kelly

    Affiliation unavailable

  • Michael W. Halpin

    Affiliation unavailable

Roll Call Votes

All Roll Calls

Yes: 165 • No: 1

Senate vote 5/14/2026

Third Reading - Passed;

Yes: 57 • No: 1

House vote 4/9/2026

Third Reading - Short Debate - Passed

Yes: 99 • No: 0 • Other: 2

House vote 3/19/2026

Do Pass / Short Debate State Government Administration Committee;

Yes: 9 • No: 0

Actions Timeline

  1. Public Act . . . . . . . . . 104-0497

    6/26/2026House
  2. Effective Date June 26, 2026

    6/26/2026House
  3. Governor Approved

    6/26/2026House
  4. Sent to the Governor

    6/12/2026House
  5. Passed Both Houses

    5/14/2026House
  6. Added as Alternate Co-Sponsor Sen. Lakesia Collins

    5/14/2026Senate
  7. Third Reading - Passed; 057-001-000

    5/14/2026Senate
  8. Placed on Calendar Order of 3rd Reading May 5, 2026

    4/30/2026Senate
  9. Second Reading

    4/30/2026Senate
  10. Placed on Calendar Order of 2nd Reading April 28, 2026

    4/22/2026Senate
  11. Approved for Consideration Assignments

    4/22/2026Senate
  12. Referred to Assignments

    4/10/2026Senate
  13. First Reading

    4/10/2026Senate
  14. Chief Senate Sponsor Sen. Michael W. Halpin

    4/10/2026Senate
  15. Placed on Calendar Order of First Reading

    4/10/2026Senate
  16. Arrive in Senate

    4/10/2026Senate
  17. Third Reading - Short Debate - Passed 099-000-002

    4/9/2026House
  18. Added Chief Co-Sponsor Rep. Diane Blair-Sherlock

    4/9/2026House
  19. Removed Co-Sponsor Rep. Diane Blair-Sherlock

    4/9/2026House
  20. Placed on Calendar Order of 3rd Reading - Short Debate

    4/7/2026House
  21. Second Reading - Short Debate

    4/7/2026House
  22. Placed on Calendar 2nd Reading - Short Debate

    3/20/2026House
  23. Do Pass / Short Debate State Government Administration Committee; 009-000-000

    3/19/2026House
  24. Added Co-Sponsor Rep. Diane Blair-Sherlock

    3/10/2026House
  25. Assigned to State Government Administration Committee

    2/17/2026House

Bill Text

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