Full Text of SB1835 103rd General Assembly
SB1835enr 103RD GENERAL ASSEMBLY |
| | SB1835 Enrolled | | LRB103 29725 DTM 56130 b |
|
| 1 | | AN ACT concerning State government.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The State Treasurer Act is amended by changing | 5 | | Section 18 as follows:
| 6 | | (15 ILCS 505/18)
| 7 | | Sec. 18. Banking and automated automatic teller machine
| 8 | | services.
| 9 | | (a) The Treasurer may enter into written agreements with | 10 | | financial
institutions for the provision of banking services | 11 | | at the State Capitol and with automated teller machine | 12 | | providers
for the provision of automated automatic
teller | 13 | | machine services at State office
buildings, State parks, State | 14 | | tourism centers, and State fairs at Springfield and DuQuoin. | 15 | | The Treasurer shall
establish competitive procedures for the | 16 | | selection of financial institutions and automated teller | 17 | | machine providers
to provide the services authorized under | 18 | | this Section. No State agency may procure services authorized | 19 | | by this Section without the approval of the Treasurer.
| 20 | | (b) The Treasurer shall enter into written agreements with | 21 | | the
authorities having jurisdiction of the property where the | 22 | | services are intended
to be provided. These agreements shall | 23 | | include, but need not be limited
to, the quantity of machines |
| | | SB1835 Enrolled | - 2 - | LRB103 29725 DTM 56130 b |
|
| 1 | | to be located at the property and the exact
location of the | 2 | | service or machine and shall establish responsibility for
| 3 | | payment of expenses incurred in locating the machine or | 4 | | service.
| 5 | | (c) The Treasurer's agreement with a financial institution | 6 | | or automated teller machine providers may authorize
the | 7 | | financial institution or automated teller machine providers to | 8 | | provide any or all of the banking services that
the financial | 9 | | institution or automated teller machine providers is otherwise | 10 | | authorized by law to provide to the
public.
| 11 | | The Treasurer's agreement with a financial
institution or | 12 | | automated teller machine providers shall establish the amount | 13 | | of compensation to
be paid by the financial institution. The | 14 | | financial institution or automated teller machine providers | 15 | | shall pay the
compensation to the Treasurer in accordance with | 16 | | the terms of the agreement.
The Treasurer shall deposit moneys | 17 | | received under this Section into the State Treasurer's Bank | 18 | | Services Trust Fund.
Treasurer's Rental Fee Fund, a special | 19 | | fund hereby created in the State
treasury. The Treasurer shall | 20 | | use the moneys in the Fund for the operation
of the program | 21 | | established under this Section. If the Treasurer determines | 22 | | that any moneys in the Treasurer's Rental Fee Fund are in | 23 | | excess of the amount necessary to sustain the operation of the | 24 | | program established under this Section, the Treasurer may | 25 | | transfer any unobligated and unexpended moneys from the | 26 | | Treasurer's Rental Fee Fund into the State Pensions Fund.
|
| | | SB1835 Enrolled | - 3 - | LRB103 29725 DTM 56130 b |
|
| 1 | | (d) This Section does not apply to a State office building | 2 | | in which a
currency exchange or a credit union providing | 3 | | financial services located in the
building on July 1, 1995 | 4 | | (the effective date of Public Act 88-640) is
operating.
| 5 | | (e) Notwithstanding any other provision of law to the | 6 | | contrary, and in addition to any other transfers that may be | 7 | | provided by law, within 30 days of the effective date of this | 8 | | amendatory Act of the 103rd General Assembly, or as soon | 9 | | thereafter as practicable, the State Comptroller shall direct | 10 | | and the State Treasurer shall transfer the remaining balance | 11 | | from the Treasurer's Rental Fee Fund into the State | 12 | | Treasurer's Bank Services Trust Fund. Upon completion of the | 13 | | transfer, the Treasurer's Rental Fee Fund is dissolved, and | 14 | | any future deposits due to that Fund and any outstanding | 15 | | obligations or liabilities of that Fund shall pass to the | 16 | | State Treasurer's Bank Services Trust Fund. | 17 | | (Source: P.A. 98-19, eff. 6-10-13.)
| 18 | | Section 10. The State Finance Act is amended by changing | 19 | | Section 5.397 as follows:
| 20 | | (30 ILCS 105/5.397)
| 21 | | Sec. 5.397. The Treasurer's Rental Fee Fund. This Fund is | 22 | | dissolved upon the transfer of the remaining balance from the | 23 | | Treasurer's Rental Fee Fund to the State Treasurer's Bank | 24 | | Services Trust Fund as provided under subsection (e) of |
| | | SB1835 Enrolled | - 4 - | LRB103 29725 DTM 56130 b |
|
| 1 | | Section 18 of the State Treasurer Act. This Section is | 2 | | repealed on January 1, 2025. | 3 | | (Source: P.A. 88-640, eff. 7-1-95; 89-235, eff. 8-4-95.)
| 4 | | Section 15. The State Treasurer's Bank Services Trust Fund | 5 | | Act is amended by changing Section 10 as follows:
| 6 | | (30 ILCS 212/10)
| 7 | | Sec. 10. Creation of Fund. There is hereby created in the | 8 | | State
treasury a special fund to be known as the State | 9 | | Treasurer's Bank Services
Trust Fund. Moneys deposited in the | 10 | | Fund shall be used by the
State
Treasurer to pay the cost of | 11 | | the following banking services: processing
of payments of | 12 | | taxes, fees, and other moneys due the State; transactional, | 13 | | technological, consultant, legal service charges, and other | 14 | | operational expenses of the State Treasurer's Office related | 15 | | to the investment or safekeeping of funds under the | 16 | | Treasurer's
control; the provision of banking and automated | 17 | | teller machine services at State office buildings, State | 18 | | parks, State tourism centers, and State fairs at Springfield | 19 | | and DuQuoin; and the cost of paying bondholders and legal | 20 | | services under the State's general
obligation bond program.
| 21 | | (Source: P.A. 100-587, eff. 6-4-18.)
|
|