(15 ILCS 505/18)
Sec. 18. Banking and automated teller machine
services.
(a) The Treasurer may enter into written agreements with financial
institutions for the provision of banking services at the State Capitol and with automated teller machine providers
for the provision of automated
teller machine services at State office
buildings, State parks, State tourism centers, and State fairs at Springfield and DuQuoin. The Treasurer shall
establish competitive procedures for the selection of financial institutions and automated teller machine providers
to provide the services authorized under this Section. No State agency may procure services authorized by this Section without the approval of the Treasurer.
(b) The Treasurer shall enter into written agreements with the
authorities having jurisdiction of the property where the services are intended
to be provided. These agreements shall include, but need not be limited
to, the quantity of machines to be located at the property and the exact
location of the service or machine and shall establish responsibility for
payment of expenses incurred in locating the machine or service.
(c) The Treasurer's agreement with a financial institution or automated teller machine providers may authorize
the financial institution or automated teller machine providers to provide any or all of the banking services that
the financial institution or automated teller machine providers is otherwise authorized by law to provide to the
public.
The Treasurer's agreement with a financial
institution or automated teller machine providers shall establish the amount of compensation to
be paid by the financial institution. The financial institution or automated teller machine providers shall pay the
compensation to the Treasurer in accordance with the terms of the agreement.
The Treasurer shall deposit moneys received under this Section into the State Treasurer's Bank Services Trust Fund.
(d) This Section does not apply to a State office building in which a
currency exchange or a credit union providing financial services located in the
building on July 1, 1995 (the effective date of Public Act 88-640) is
operating.
(e) Notwithstanding any other provision of law to the contrary, and in addition to any other transfers that may be provided by law, within 30 days of the effective date of this amendatory Act of the 103rd General Assembly, or as soon thereafter as practicable, the State Comptroller shall direct and the State Treasurer shall transfer the remaining balance from the Treasurer's Rental Fee Fund into the State Treasurer's Bank Services Trust Fund. Upon completion of the transfer, the Treasurer's Rental Fee Fund is dissolved, and any future deposits due to that Fund and any outstanding obligations or liabilities of that Fund shall pass to the State Treasurer's Bank Services Trust Fund. (Source: P.A. 103-234, eff. 1-1-24.)
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