Illinois Bar Journal

Articles on Office of the Treasurer

State Coronavirus Urgent Remediation Emergency (CURE) Fund created 

August
2020
Illinois Law Update
Page 14
The General Assembly amended the State Finance Act to create the State Coronavirus Urgent Remediation Emergency (State CURE) Fund as a federal trust fund within the Office of the Illinois State Treasurer.

Expansions made to Secure Choice Savings Program

June
2020
Illinois Law Update
Page 14
The Office of the Treasurer has made a number of changes to the Secure Choice Savings Program (SCSP) that will affect small businesses and nonprofit organizations.

Funding opportunities for local technology businesses

September
2019
Illinois Law Update
Page 14
The Office of the Treasurer adopted a new Part titled Technology Development Account (TDA) Program (74 IAC 719; Ill. Reg. 3191).

Abandoned financial property rules modified

June
2019
Illinois Law Update
Page 14
The Office of the Treasurer wholesale repealed previous rules on abandoned property in response to the General Assembly's passage of the Uniform Law Commission's legislation titled "Revised Uniform Disposition of Unclaimed Property Act," effective in 2018. The state treasurer adopted new rules (74 Ill. Adm. 17121 (effective March 25, 2019)) drawing heavily on the new legislation.

Increased procurement limit for small purchases

May
2019
Illinois Law Update
Page 14
The Illinois State Treasurer's office adopted amendments to the Part titled Procurement (44 Ill. Adm. Code 1400 (effective Jan. 31, 2019)), implementing Public Act 100-43.

Special attention for nonprofits applying for grants and meeting “depressed area” criteria

March
2019
Illinois Law Update
Page 20
The Illinois State Treasurer's office clarified the criteria for which a state fund that supports small nonprofits will demonstrate its funding preferences (74 Ill. Adm. Code 550 (effective Dec. 21, 2018)).

Statewide payroll deduction IRA program for private sector employees

January
2019
Illinois Law Update
Page 16
The Office of the Treasurer adopted a new part titled Secure Choice Savings Program (4 Ill. Adm. Code 721 (effective Sept. 25, 2018)), which implements the Secure Choice Savings Program Act and establishes a statewide payroll deduction Individual Retirement Account ("IRA") program open to private sector employees.

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