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Public Act 103-0234
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| SB1835 Enrolled | LRB103 29725 DTM 56130 b |
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The State Treasurer Act is amended by changing |
Section 18 as follows:
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(15 ILCS 505/18)
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Sec. 18. Banking and automated automatic teller machine
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services.
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(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 automatic
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.
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(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 |
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to be located at the property and the exact
location of the |
service or machine and shall establish responsibility for
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payment of expenses incurred in locating the machine or |
service.
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(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.
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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.
Treasurer's Rental Fee Fund, a special |
fund hereby created in the State
treasury. The Treasurer shall |
use the moneys in the Fund for the operation
of the program |
established under this Section. If the Treasurer determines |
that any moneys in the Treasurer's Rental Fee Fund are in |
excess of the amount necessary to sustain the operation of the |
program established under this Section, the Treasurer may |
transfer any unobligated and unexpended moneys from the |
Treasurer's Rental Fee Fund into the State Pensions Fund.
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(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.
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(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. 98-19, eff. 6-10-13.)
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Section 10. The State Finance Act is amended by changing |
Section 5.397 as follows:
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(30 ILCS 105/5.397)
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Sec. 5.397. The Treasurer's Rental Fee Fund. This Fund is |
dissolved upon the transfer of the remaining balance from the |
Treasurer's Rental Fee Fund to the State Treasurer's Bank |
Services Trust Fund as provided under subsection (e) of |
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Section 18 of the State Treasurer Act. This Section is |
repealed on January 1, 2025. |
(Source: P.A. 88-640, eff. 7-1-95; 89-235, eff. 8-4-95.)
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Section 15. The State Treasurer's Bank Services Trust Fund |
Act is amended by changing Section 10 as follows:
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(30 ILCS 212/10)
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Sec. 10. Creation of Fund. There is hereby created in the |
State
treasury a special fund to be known as the State |
Treasurer's Bank Services
Trust Fund. Moneys deposited in the |
Fund shall be used by the
State
Treasurer to pay the cost of |
the following banking services: processing
of payments of |
taxes, fees, and other moneys due the State; transactional, |
technological, consultant, legal service charges, and other |
operational expenses of the State Treasurer's Office related |
to the investment or safekeeping of funds under the |
Treasurer's
control; the provision of banking and automated |
teller machine services at State office buildings, State |
parks, State tourism centers, and State fairs at Springfield |
and DuQuoin; and the cost of paying bondholders and legal |
services under the State's general
obligation bond program.
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(Source: P.A. 100-587, eff. 6-4-18.)
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