093_HB0173

 
                                     LRB093 02363 RCE 02371 b

 1        AN ACT concerning the State Treasurer.

 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
 5    changing Section 18 as follows:

 6        (15 ILCS 505/18)
 7        Sec. 18.  Banking and automatic teller machine services.
 8        (a)  The   State   Treasurer   may   enter  into  written
 9    agreements with financial institutions for the  provision  of
10    banking  services  at the State Capitol and for the provision
11    of  automatic  teller  machine  services  at   State   office
12    buildings,  State  parks,  and  State  tourism  centers.  The
13    Treasurer shall  establish  competitive  procedures  for  the
14    selection  of  financial institutions to provide the services
15    authorized under this Section.
16        (b)  The Treasurer shall enter  into  written  agreements
17    with  the  authorities  having  jurisdiction  of the property
18    where the  services  are  intended  to  be  provided.   These
19    agreements  shall  include,  but  need not be limited to, the
20    quantity of machines to be located at the  property  and  the
21    exact  location of the service or machine and shall establish
22    responsibility for payment of expenses incurred  in  locating
23    the machine or service.
24        (c)  The   Treasurer's   agreement   with   a   financial
25    institution   may  authorize  the  financial  institution  to
26    provide any or all of the banking services that the financial
27    institution is otherwise authorized by law to provide to  the
28    public.
29        The  Treasurer's  agreement  with a financial institution
30    shall establish the amount of compensation to be paid by  the
31    financial  institution.   The financial institution shall pay
 
                            -2-      LRB093 02363 RCE 02371 b
 1    the compensation to the  Treasurer  in  accordance  with  the
 2    terms  of  the agreement.  The Treasurer shall deposit moneys
 3    received under this Section into the Treasurer's  Rental  Fee
 4    Fund,  a  special  fund hereby created in the State treasury.
 5    The Treasurer shall use  the  moneys  in  the  Fund  for  the
 6    operation of the program established under this Section.
 7        (d)  This  Section  does  not  apply  to  a  State office
 8    building in which a  currency  exchange  or  a  credit  union
 9    providing  financial services located in the building on July
10    1,  1995  (the  effective  date  of  Public  Act  88-640)  is
11    operating.
12    (Source: P.A. 88-640, eff. 7-1-95; 89-634, eff. 8-9-96.)