15 ILCS 505/11.5: Recovery for breach of presentment warranties.

The Treasurer may bring a claim against a warrantor of a draft for breach of a presentment warranty to recover State funds in accordance with Sections 3-417 and 4-208 of the Uniform Commercial Code. However, a claim brought by the Treasurer under those Sections is not subject to the limitations provided for in subsection (e) of Section 3-417 or subsection (e) of Section 4-208 of the Uniform Commercial Code. The changes made by this amendatory Act of the 104th General Assembly are declaratory of existing law.