98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB3276
 
Introduced 2/14/2014, by Sen. Pamela J. Althoff
 
SYNOPSIS AS INTRODUCED:
 

 
15 ILCS 505/20 new
15 ILCS 505/25 new
30 ILCS 105/5.855 new

     Amends the State Treasurer Act. Permits the State Treasurer to retain an administrative charge for the costs of services associated with the deposit of moneys that are remitted directly to the State Treasurer. Provides that the amount of the administrative charge may be determined by the State Treasurer and shall not exceed 2% of the amount deposited. Provides that this charge shall apply to fines, fees, or other amounts remitted directly to the State Treasurer by circuit clerks, county clerks, and other entities that are not State agencies for deposit into a fund in the State treasury. Provides that the charge shall apply to any form of fines, fees, or other collections created on or after the effective date of the amendatory Act. Sets forth provisions governing the State Treasurer's Administrative Fund. Amends the State Finance Act and creates the State Treasurer's Administrative Fund.    Effective immediately.
  


LRB098 16226 OMW 52561 b

FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
SB3276LRB098 16226 OMW 52561 b


  
1    AN ACT concerning State government.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The State Treasurer Act is amended  by adding 
5Sections 20 and 25 as follows:
 
6    (15 ILCS 505/20 new)
7    Sec. 20. State Treasurer administrative charge.   The State 
8Treasurer may retain an administrative charge for the costs of 
9services associated with the deposit of moneys that are 
10remitted directly to the State Treasurer.  The administrative 
11charge collected under this Section shall be deposited into the 
12State Treasurer's Administrative Fund.  The amount of the 
13administrative charge may be determined by the State Treasurer 
14and shall not exceed 2% of the amount deposited.
15    This Section shall apply to fines, fees, or other amounts 
16remitted directly to the State Treasurer by circuit clerks, 
17county clerks, and other entities that are not State agencies 
18for deposit into a fund in the State treasury.   This Section 
19shall apply only to any form of fines, fees, or other 
20collections created on or after the effective date of this 
21amendatory Act of the 98th General Assembly.
 
22    (15 ILCS 505/25 new)
 
 
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1    Sec. 25. State Treasurer's Administrative Fund. All cost 
2recoveries, fees for services, and governmental grants 
3received by the State Treasurer shall be maintained in a trust 
4fund in the State treasury, to be known as the State 
5Treasurer's Administrative Fund.  Moneys in the State 
6Treasurer's Administrative Fund may be utilized by the State 
7Treasurer in the discharge of the duties of the office. All 
8interest earned by the investment or deposit of moneys 
9accumulated in the Fund shall be deposited into the Fund.
 
10    Section 10. The State Finance Act is amended by adding 
11Section 5.855 as follows:
 
12    (30 ILCS 105/5.855 new)
13    Sec. 5.855. The State Treasurer's Administrative Fund.
 
 
14    Section 99. Effective date. This Act takes effect upon 
15becoming law.