Illinois State Treasurer Mike Frerichs
State Government |
Elected Statewide Officeholders
Springfield, IL 62702
Recent News About Illinois State Treasurer Mike Frerichs
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Judges said it is not their place to determine how the state treasurer was supposed to manage the funds, or what kinds of fees his office can collect from plan participants.
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A judge in Springfield has refused to permit a lawsuit to continue which asserted the state’s constitution never intended to allow the state government from using debt, issued under the state’s bonding authority, to pay for operating expenses. The plaintiff in the case has vowed to appeal, saying the judge reached a wrong and hasty conclusion on the questions at the heart of the dispute.
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A federal appeals panel has again tossed a ruling from a Chicago federal jude, saying he ignored its earlier opinion in an ongoing dispute over how much the Illinois Treasurer’s Office owes to people whose unclaimed property it sold.
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A Lake County resident has sued Illinois Treasurer Michael Frerichs, accusing him of mishandling the state’s college savings plans and improperly assessing fees on participants.
