96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB2692


 
Introduced 1/28/2010, by Sen. John J. Cullerton
 
SYNOPSIS AS INTRODUCED:
 		













15 ILCS 505/18










    Amends the State Treasurer Act.  Makes a technical change in a Section
concerning banking and ATM services.
















LRB096 17257 RCE 32607 b

















 


 


A BILL FOR









 











SB2692

LRB096 17257 RCE 32607 b






1
    AN ACT concerning State government.

 
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    Be it enacted by the People of the State of Illinois, 
3
represented in the General Assembly: 

 
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    Section 5. The State Treasurer Act is amended by changing 
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Section 18 as follows:
 



6
    (15 ILCS 505/18)



7
    Sec. 18. Banking and automatic teller machine
services. 

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    (a) The
The Treasurer may enter into written agreements 
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with financial
institutions for the provision of banking 
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services at the State Capitol and
for the provision of 
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automatic
teller machine services at State office
buildings, 
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State parks, State tourism centers, and State fairs at 
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Springfield and DuQuoin.  The Treasurer shall
establish 
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competitive procedures for the selection of financial 
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institutions
to provide the services authorized under this 
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Section. No State agency may procure services authorized by 
17
this Section without the approval of the Treasurer.

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    (b) The Treasurer shall enter into written agreements with 
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the
authorities having jurisdiction of the property where the 
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services are intended
to be provided.  These agreements shall 
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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 
23
service or machine and shall establish responsibility for

 


 






SB2692
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LRB096 17257 RCE 32607 b




1
payment of expenses incurred in locating the machine or 
2
service. 

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    (c) The Treasurer's agreement with a financial institution 
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may authorize
the financial institution to provide any or all 
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of the banking services that
the financial institution is 
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otherwise authorized by law to provide to the
public.

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    The Treasurer's agreement with a financial
institution 
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shall establish the amount of compensation to
be paid by the 
9
financial institution.  The financial institution shall pay the

10
compensation to the Treasurer in accordance with the terms of 
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the agreement.
The Treasurer shall deposit moneys received 
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under this Section into the
Treasurer's Rental Fee Fund, a 
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special fund hereby created in the State
treasury.  The 
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Treasurer shall use the moneys in the Fund for the operation
of 
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the program established under this Section.

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    (d) This Section does not apply to a State office building 
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in which a
currency exchange or a credit union providing 
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financial services located in the
building on July 1, 1995 (the 
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effective date of Public Act 88-640) is
operating.

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(Source: P.A. 94-513, eff. 1-1-06.)