Sen. Karen McConnaughay
Filed: 3/19/2015
 
 

 

 

 
09900SB1539sam001LRB099 10029 JLK 33009 a



1
AMENDMENT TO SENATE BILL 1539 




2    AMENDMENT NO. ______. Amend Senate Bill 1539 by replacing 
3everything after the enacting clause with the following:

 
4    "Section 5. The Deposit of State Moneys Act is amended  by 
5adding Section 6.1 as follows:
 
6    (15 ILCS 520/6.1 new)
7    Sec. 6.1. Submission of proposals. Nothing in this Act 
8shall be construed as prohibiting a bank, savings bank, or 
9credit union from submitting a proposal to the State Treasurer 
10on the basis that it does not offer a product or service in 
11this State, unless a specific requirement is noted in the 
12public solicitation that is related to the product or service 
13being solicited. Nothing in this Section is intended to limit 
14the State Treasurer's discretion in the selection of a bank, 
15savings bank, or credit union, as provided in this Act.

 
 
 
09900SB1539sam001- 2 -LRB099 10029 JLK 33009 a

1    Section 10. The Public Funds Investment Act is amended by 
2adding Section 6.1 as follows:
 
3    (30 ILCS 235/6.1 new)
4    Sec. 6.1. Submission of proposals. Nothing in this Act 
5shall be construed as prohibiting a bank, savings bank, or 
6credit union from submitting a proposal to a public agency on 
7the basis that it does not offer a product or service in this 
8State, unless a specific requirement is noted in the public 
9solicitation that is related to the product or service being 
10solicited.  Nothing in this Section is intended to limit a 
11public agency's discretion in the selection of a bank, savings 
12bank, or credit union as provided in this Act.
 
13    Section 99. Effective date. This Act takes effect upon 
14becoming law.".