| ||||||||||||||||||||||||
| ||||||||||||||||||||||||
| ||||||||||||||||||||||||
| ||||||||||||||||||||||||
| ||||||||||||||||||||||||
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 changing | |||||||||||||||||||||||
5 | Section 18 as follows:
| |||||||||||||||||||||||
6 | (15 ILCS 505/18)
| |||||||||||||||||||||||
7 | Sec. 18. Banking and automated automatic teller machine
| |||||||||||||||||||||||
8 | services.
| |||||||||||||||||||||||
9 | (a) The Treasurer may enter into written agreements with | |||||||||||||||||||||||
10 | financial
institutions for the provision of banking services | |||||||||||||||||||||||
11 | at the State Capitol and with automated teller machine | |||||||||||||||||||||||
12 | providers
for the provision of automated automatic
teller | |||||||||||||||||||||||
13 | machine services at State office
buildings, State parks, State | |||||||||||||||||||||||
14 | tourism centers, and State fairs at Springfield and DuQuoin. | |||||||||||||||||||||||
15 | The Treasurer shall
establish competitive procedures for the | |||||||||||||||||||||||
16 | selection of financial institutions and automated teller | |||||||||||||||||||||||
17 | machine providers
to provide the services authorized under | |||||||||||||||||||||||
18 | this Section. No State agency may procure services authorized | |||||||||||||||||||||||
19 | by this Section without the approval of the Treasurer.
| |||||||||||||||||||||||
20 | (b) The Treasurer shall enter into written agreements with | |||||||||||||||||||||||
21 | the
authorities having jurisdiction of the property where the | |||||||||||||||||||||||
22 | services are intended
to be provided. These agreements shall | |||||||||||||||||||||||
23 | include, but need not be limited
to, the quantity of machines |
| |||||||
| |||||||
1 | to be located at the property and the exact
location of the | ||||||
2 | service or machine and shall establish responsibility for
| ||||||
3 | payment of expenses incurred in locating the machine or | ||||||
4 | service.
| ||||||
5 | (c) The Treasurer's agreement with a financial institution | ||||||
6 | or automated teller machine providers may authorize
the | ||||||
7 | financial institution or automated teller machine providers to | ||||||
8 | provide any or all of the banking services that
the financial | ||||||
9 | institution or automated teller machine providers is otherwise | ||||||
10 | authorized by law to provide to the
public.
| ||||||
11 | The Treasurer's agreement with a financial
institution or | ||||||
12 | automated teller machine providers shall establish the amount | ||||||
13 | of compensation to
be paid by the financial institution. The | ||||||
14 | financial institution or automated teller machine providers | ||||||
15 | shall pay the
compensation to the Treasurer in accordance with | ||||||
16 | the terms of the agreement.
The Treasurer shall deposit moneys | ||||||
17 | received under this Section into the State Treasurer’s Bank | ||||||
18 | Services Trust Fund.
Treasurer's Rental Fee Fund, a special | ||||||
19 | fund hereby created in the State
treasury. The Treasurer shall | ||||||
20 | use the moneys in the Fund for the operation
of the program | ||||||
21 | established under this Section. If the Treasurer determines | ||||||
22 | that any moneys in the Treasurer's Rental Fee Fund are in | ||||||
23 | excess of the amount necessary to sustain the operation of the | ||||||
24 | program established under this Section, the Treasurer may | ||||||
25 | transfer any unobligated and unexpended moneys from the | ||||||
26 | Treasurer's Rental Fee Fund into the State Pensions Fund.
|
| |||||||
| |||||||
1 | (d) This Section does not apply to a State office building | ||||||
2 | in which a
currency exchange or a credit union providing | ||||||
3 | financial services located in the
building on July 1, 1995 | ||||||
4 | (the effective date of Public Act 88-640) is
operating.
| ||||||
5 | (e) Notwithstanding any other provision of law to the | ||||||
6 | contrary, and in addition to any other transfers that may be | ||||||
7 | provided by law, within 30 days of the effective date of this | ||||||
8 | amendatory Act of the 103rd General Assembly, or as soon | ||||||
9 | thereafter as practicable, the State Comptroller shall direct | ||||||
10 | and the State Treasurer shall transfer the remaining balance | ||||||
11 | from the Treasurer's Rental Fee Fund into the State | ||||||
12 | Treasurer’s Bank Services Trust Fund. Upon completion of the | ||||||
13 | transfer, the Treasurer's Rental Fee Fund is dissolved, and | ||||||
14 | any future deposits due to that Fund and any outstanding | ||||||
15 | obligations or liabilities of that Fund shall pass to the | ||||||
16 | State Treasurer’s Bank Services Trust Fund. | ||||||
17 | (Source: P.A. 98-19, eff. 6-10-13.)
| ||||||
18 | Section 10. The State Finance Act is amended by changing | ||||||
19 | Section 5.397 as follows:
| ||||||
20 | (30 ILCS 105/5.397)
| ||||||
21 | Sec. 5.397. The Treasurer's Rental Fee Fund. This Fund is | ||||||
22 | dissolved upon the transfer of the remaining balance from the | ||||||
23 | Treasurer's Rental Fee Fund to the State Treasurer's Bank | ||||||
24 | Services Trust Fund as provided under subsection (e) of |
| |||||||
| |||||||
1 | Section 18 of the State Treasurer Act. This Section is | ||||||
2 | repealed on January 1, 2025. | ||||||
3 | (Source: P.A. 88-640, eff. 7-1-95; 89-235, eff. 8-4-95.)
| ||||||
4 | Section 15. The State Treasurer's Bank Services Trust Fund | ||||||
5 | Act is amended by changing Section 10 as follows:
| ||||||
6 | (30 ILCS 212/10)
| ||||||
7 | Sec. 10. Creation of Fund. There is hereby created in the | ||||||
8 | State
treasury a special fund to be known as the State | ||||||
9 | Treasurer's Bank Services
Trust Fund. Moneys deposited in the | ||||||
10 | Fund shall be used by the
State
Treasurer to pay the cost of | ||||||
11 | the following banking services: processing
of payments of | ||||||
12 | taxes, fees, and other moneys due the State; transactional, | ||||||
13 | technological, consultant, legal service charges, and other | ||||||
14 | operational expenses of the State Treasurer's Office related | ||||||
15 | to the investment or safekeeping of funds under the | ||||||
16 | Treasurer's
control; the provision of banking and automated | ||||||
17 | teller machine services at State office buildings, State | ||||||
18 | parks, State tourism centers, and State fairs at Springfield | ||||||
19 | and DuQuoin; and the cost of paying bondholders and legal | ||||||
20 | services under the State's general
obligation bond program.
| ||||||
21 | (Source: P.A. 100-587, eff. 6-4-18.)
|