SB1661 Engrossed

LRB094 11260 RSP 42025 b






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    AN ACT concerning State government.

 
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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 State Treasurer Act is amended  by changing 
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Section 18 as follows:
 



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    (15 ILCS 505/18)



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    Sec. 18. Banking and automatic teller machine
services.

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    (a) The Treasurer may enter into written agreements with 
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financial
institutions for the provision of banking services at 
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the State Capitol and
for the provision of automatic
teller 
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machine services at State office
buildings, State parks, and 
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State tourism centers, and State fairs at Springfield and 
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DuQuoin.  The Treasurer shall
establish competitive procedures 
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for the selection of financial institutions
to provide the 
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services authorized under this Section. No State agency may 
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procure services authorized by this Section without the 
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approval of the Treasurer.


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    (b) The Treasurer shall enter into written agreements with 
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the
authorities having jurisdiction of the property where the 
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services are intended
to be provided.  These agreements shall 
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include, but need not be limited
to, the quantity of machines 
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to be located at the property and the exact
location of the 
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service or machine and shall establish responsibility for

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payment of expenses incurred in locating the machine or 
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service. 

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    (c) The Treasurer's agreement with a financial institution 
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may authorize
the financial institution to provide any or all 
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of the banking services that
the financial institution is 
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otherwise authorized by law to provide to the
public.

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    The Treasurer's agreement with a financial
institution 
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shall establish the amount of compensation to
be paid by the 
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financial institution.  The financial institution shall pay the

 


 






SB1661 Engrossed
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LRB094 11260 RSP 42025 b




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compensation to the Treasurer in accordance with the terms of 
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the agreement.
The Treasurer shall deposit moneys received 
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under this Section into the
Treasurer's Rental Fee Fund, a 
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special fund hereby created in the State
treasury.  The 
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Treasurer shall use the moneys in the Fund for the operation
of 
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the program established under this Section.

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    (d) This Section does not apply to a State office building 
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in which a
currency exchange or a credit union providing 
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financial services located in the
building on July 1, 1995 (the 
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effective date of Public Act 88-640) is
operating.

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(Source: P.A. 88-640, eff. 7-1-95; 89-634, eff. 8-9-96.)