|
| | SB1539 Engrossed | | LRB099 10029 JLK 30250 b |
|
|
| 1 | | AN ACT concerning finance.
|
| 2 | | Be it enacted by the People of the State of Illinois,
|
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Deposit of State Moneys Act is amended by |
| 5 | | adding Section 6.1 as follows:
|
| 6 | | (15 ILCS 520/6.1 new) |
| 7 | | Sec. 6.1. Submission of proposals. Nothing in this Act |
| 8 | | shall be construed as prohibiting a bank, savings bank, or |
| 9 | | credit union from submitting a proposal to the State Treasurer |
| 10 | | on the basis that it does not offer a product or service in |
| 11 | | this State, unless a specific requirement is noted in the |
| 12 | | public solicitation that is related to the product or service |
| 13 | | being solicited. Nothing in this Section is intended to limit |
| 14 | | the State Treasurer's discretion in the selection of a bank, |
| 15 | | savings bank, or credit union, as provided in this Act.
|
| 16 | | Section 10. The Public Funds Investment Act is amended by |
| 17 | | adding Section 6.1 as follows:
|
| 18 | | (30 ILCS 235/6.1 new) |
| 19 | | Sec. 6.1. Submission of proposals. Nothing in this Act |
| 20 | | shall be construed as prohibiting a bank, savings bank, or |
| 21 | | credit union from submitting a proposal to a public agency on |