Sen. Peter J. Roskam
Filed: 4/13/2005
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1 | AMENDMENT TO SENATE BILL 1661
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2 | AMENDMENT NO. ______. Amend Senate Bill 1661 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The State Treasurer Act is amended by changing | ||||||
5 | Section 18 as follows:
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6 | (15 ILCS 505/18)
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7 | Sec. 18. Banking and automatic teller machine
services.
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8 | (a) The Treasurer may enter into written agreements with | ||||||
9 | financial
institutions for the provision of banking services at | ||||||
10 | the State Capitol and
for the provision of automatic
teller | ||||||
11 | machine services at State office
buildings, State parks, and | ||||||
12 | State tourism centers , and State fairs at Springfield and | ||||||
13 | DuQuoin . The Treasurer shall
establish competitive procedures | ||||||
14 | for the selection of financial institutions
to provide the | ||||||
15 | services authorized under this Section. No State agency may | ||||||
16 | procure services authorized by this Section without the | ||||||
17 | approval of the Treasurer.
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18 | (b) The Treasurer shall enter into written agreements with | ||||||
19 | the
authorities having jurisdiction of the property where the | ||||||
20 | services are intended
to be provided. These agreements shall | ||||||
21 | include, but need not be limited
to, the quantity of machines | ||||||
22 | to be located at the property and the exact
location of the | ||||||
23 | service or machine and shall establish responsibility for
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24 | payment of expenses incurred in locating the machine or |
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1 | service.
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2 | (c) The Treasurer's agreement with a financial institution | ||||||
3 | may authorize
the financial institution to provide any or all | ||||||
4 | of the banking services that
the financial institution is | ||||||
5 | otherwise authorized by law to provide to the
public.
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6 | The Treasurer's agreement with a financial
institution | ||||||
7 | shall establish the amount of compensation to
be paid by the | ||||||
8 | financial institution. The financial institution shall pay the
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9 | compensation to the Treasurer in accordance with the terms of | ||||||
10 | the agreement.
The Treasurer shall deposit moneys received | ||||||
11 | under this Section into the
Treasurer's Rental Fee Fund, a | ||||||
12 | special fund hereby created in the State
treasury. The | ||||||
13 | Treasurer shall use the moneys in the Fund for the operation
of | ||||||
14 | the program established under this Section. Notwithstanding | ||||||
15 | the foregoing, the Treasurer's agreement with a financial | ||||||
16 | institution for the provision of automatic teller machine | ||||||
17 | services at the State fair may provide for the compensation to | ||||||
18 | be paid by the financial institution to the State fair.
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19 | (d) This Section does not apply to a State office building | ||||||
20 | in which a
currency exchange or a credit union providing | ||||||
21 | financial services located in the
building on July 1, 1995 (the | ||||||
22 | effective date of Public Act 88-640) is
operating.
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23 | (Source: P.A. 88-640, eff. 7-1-95; 89-634, eff. 8-9-96.)".
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