94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB0156


 
Introduced 2/2/2005, by Sen. Ira I. Silverstein
 
SYNOPSIS AS INTRODUCED:
 		













30 ILCS 500/25-100 new






30 ILCS 500/35-45 new










    Amends the Illinois Procurement Code.  Prohibits the State from entering into contracts with a bank or other financial institution that (i) charges a fee of more than 50 cents per transaction for transactions at an ATM owned or operated by the bank or financial institution or (ii) charges its customers a fee of more than 50 cents per transaction for transactions at an ATM not owned or operated by the bank or financial institution.
















LRB094 05042 JAM 35077 b

















FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB0156

LRB094 05042 JAM 35077 b






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    AN ACT concerning finance.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Illinois Procurement Code is amended  by 
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adding Sections 25-100 and 35-45 as follows:
 
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    (30 ILCS 500/25-100  new)
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    Sec. 25-100. Banks and other financial institutions. After 
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the effective date of this amendatory Act of the 94th General 
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Assembly, the State shall not enter into any contract for goods 
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or services with a bank or other financial institution that (i) 
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charges a fee of more than 50 cents per transaction for 
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transactions at an ATM owned or operated by the bank or 
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financial institution or (ii) charges its customers a fee of 
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more than 50 cents per transaction for transactions at ATMs not 
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owned or operated by the bank or financial institution.
 
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    (30 ILCS 500/35-45  new)
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    Sec. 35-45. Banks and other financial institutions. After 
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the effective date of this amendatory Act of the 94th General 
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Assembly, the State shall not enter into any contract for 
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professional services with a bank or other financial 
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institution that (i) charges a fee of more than 50 cents per 
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transaction for transactions at an ATM owned or operated by the 
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bank or financial institution or (ii) charges its customers a 
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fee of more than 50 cents per transaction for transactions at 
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ATMs not owned or operated by the bank or financial 
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institution.