Illinois 2023-2024 Regular Session

Illinois Senate Bill SB1835 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	Public Act 103-0234
2	1		SB1835 EnrolledLRB103 29725 DTM 56130 b SB1835 Enrolled LRB103 29725 DTM 56130 b
3	2		SB1835 Enrolled LRB103 29725 DTM 56130 b
4		-	AN ACT concerning State government.
5		-	Be it enacted by the People of the State of Illinois,
6		-	represented in the General Assembly:
7		-	Section 5. The State Treasurer Act is amended by changing
8		-	Section 18 as follows:
9		-	(15 ILCS 505/18)
10		-	Sec. 18. Banking and automated automatic teller machine
11		-	services.
12		-	(a) The Treasurer may enter into written agreements with
13		-	financial institutions for the provision of banking services
14		-	at the State Capitol and with automated teller machine
15		-	providers for the provision of automated automatic teller
16		-	machine services at State office buildings, State parks, State
17		-	tourism centers, and State fairs at Springfield and DuQuoin.
18		-	The Treasurer shall establish competitive procedures for the
19		-	selection of financial institutions and automated teller
20		-	machine providers to provide the services authorized under
21		-	this Section. No State agency may procure services authorized
22		-	by this Section without the approval of the Treasurer.
23		-	(b) The Treasurer shall enter into written agreements with
24		-	the authorities having jurisdiction of the property where the
25		-	services are intended to be provided. These agreements shall
26		-	include, but need not be limited to, the quantity of machines
	3	+	1 AN ACT concerning State government.
	4	+	2 Be it enacted by the People of the State of Illinois,
	5	+	3 represented in the General Assembly:
	6	+	4 Section 5. The State Treasurer Act is amended by changing
	7	+	5 Section 18 as follows:
	8	+	6 (15 ILCS 505/18)
	9	+	7 Sec. 18. Banking and automated automatic teller machine
	10	+	8 services.
	11	+	9 (a) The Treasurer may enter into written agreements with
	12	+	10 financial institutions for the provision of banking services
	13	+	11 at the State Capitol and with automated teller machine
	14	+	12 providers for the provision of automated automatic teller
	15	+	13 machine services at State office buildings, State parks, State
	16	+	14 tourism centers, and State fairs at Springfield and DuQuoin.
	17	+	15 The Treasurer shall establish competitive procedures for the
	18	+	16 selection of financial institutions and automated teller
	19	+	17 machine providers to provide the services authorized under
	20	+	18 this Section. No State agency may procure services authorized
	21	+	19 by this Section without the approval of the Treasurer.
	22	+	20 (b) The Treasurer shall enter into written agreements with
	23	+	21 the authorities having jurisdiction of the property where the
	24	+	22 services are intended to be provided. These agreements shall
	25	+	23 include, but need not be limited to, the quantity of machines
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33		-	to be located at the property and the exact location of the
34		-	service or machine and shall establish responsibility for
35		-	payment of expenses incurred in locating the machine or
36		-	service.
37		-	(c) The Treasurer's agreement with a financial institution
38		-	or automated teller machine providers may authorize the
39		-	financial institution or automated teller machine providers to
40		-	provide any or all of the banking services that the financial
41		-	institution or automated teller machine providers is otherwise
42		-	authorized by law to provide to the public.
43		-	The Treasurer's agreement with a financial institution or
44		-	automated teller machine providers shall establish the amount
45		-	of compensation to be paid by the financial institution. The
46		-	financial institution or automated teller machine providers
47		-	shall pay the compensation to the Treasurer in accordance with
48		-	the terms of the agreement. The Treasurer shall deposit moneys
49		-	received under this Section into the State Treasurer's Bank
50		-	Services Trust Fund. Treasurer's Rental Fee Fund, a special
51		-	fund hereby created in the State treasury. The Treasurer shall
52		-	use the moneys in the Fund for the operation of the program
53		-	established under this Section. If the Treasurer determines
54		-	that any moneys in the Treasurer's Rental Fee Fund are in
55		-	excess of the amount necessary to sustain the operation of the
56		-	program established under this Section, the Treasurer may
57		-	transfer any unobligated and unexpended moneys from the
58		-	Treasurer's Rental Fee Fund into the State Pensions Fund.
	32	+	SB1835 Enrolled- 2 -LRB103 29725 DTM 56130 b SB1835 Enrolled - 2 - LRB103 29725 DTM 56130 b
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	34	+	1 to be located at the property and the exact location of the
	35	+	2 service or machine and shall establish responsibility for
	36	+	3 payment of expenses incurred in locating the machine or
	37	+	4 service.
	38	+	5 (c) The Treasurer's agreement with a financial institution
	39	+	6 or automated teller machine providers may authorize the
	40	+	7 financial institution or automated teller machine providers to
	41	+	8 provide any or all of the banking services that the financial
	42	+	9 institution or automated teller machine providers is otherwise
	43	+	10 authorized by law to provide to the public.
	44	+	11 The Treasurer's agreement with a financial institution or
	45	+	12 automated teller machine providers shall establish the amount
	46	+	13 of compensation to be paid by the financial institution. The
	47	+	14 financial institution or automated teller machine providers
	48	+	15 shall pay the compensation to the Treasurer in accordance with
	49	+	16 the terms of the agreement. The Treasurer shall deposit moneys
	50	+	17 received under this Section into the State Treasurer's Bank
	51	+	18 Services Trust Fund. Treasurer's Rental Fee Fund, a special
	52	+	19 fund hereby created in the State treasury. The Treasurer shall
	53	+	20 use the moneys in the Fund for the operation of the program
	54	+	21 established under this Section. If the Treasurer determines
	55	+	22 that any moneys in the Treasurer's Rental Fee Fund are in
	56	+	23 excess of the amount necessary to sustain the operation of the
	57	+	24 program established under this Section, the Treasurer may
	58	+	25 transfer any unobligated and unexpended moneys from the
	59	+	26 Treasurer's Rental Fee Fund into the State Pensions Fund.
59	60
60	61
61		-	(d) This Section does not apply to a State office building
62		-	in which a currency exchange or a credit union providing
63		-	financial services located in the building on July 1, 1995
64		-	(the effective date of Public Act 88-640) is operating.
65		-	(e) Notwithstanding any other provision of law to the
66		-	contrary, and in addition to any other transfers that may be
67		-	provided by law, within 30 days of the effective date of this
68		-	amendatory Act of the 103rd General Assembly, or as soon
69		-	thereafter as practicable, the State Comptroller shall direct
70		-	and the State Treasurer shall transfer the remaining balance
71		-	from the Treasurer's Rental Fee Fund into the State
72		-	Treasurer's Bank Services Trust Fund. Upon completion of the
73		-	transfer, the Treasurer's Rental Fee Fund is dissolved, and
74		-	any future deposits due to that Fund and any outstanding
75		-	obligations or liabilities of that Fund shall pass to the
76		-	State Treasurer's Bank Services Trust Fund.
77		-	(Source: P.A. 98-19, eff. 6-10-13.)
78		-	Section 10. The State Finance Act is amended by changing
79		-	Section 5.397 as follows:
80		-	(30 ILCS 105/5.397)
81		-	Sec. 5.397. The Treasurer's Rental Fee Fund. This Fund is
82		-	dissolved upon the transfer of the remaining balance from the
83		-	Treasurer's Rental Fee Fund to the State Treasurer's Bank
84		-	Services Trust Fund as provided under subsection (e) of
85	62
86	63
87		-	Section 18 of the State Treasurer Act. This Section is
88		-	repealed on January 1, 2025.
89		-	(Source: P.A. 88-640, eff. 7-1-95; 89-235, eff. 8-4-95.)
90		-	Section 15. The State Treasurer's Bank Services Trust Fund
91		-	Act is amended by changing Section 10 as follows:
92		-	(30 ILCS 212/10)
93		-	Sec. 10. Creation of Fund. There is hereby created in the
94		-	State treasury a special fund to be known as the State
95		-	Treasurer's Bank Services Trust Fund. Moneys deposited in the
96		-	Fund shall be used by the State Treasurer to pay the cost of
97		-	the following banking services: processing of payments of
98		-	taxes, fees, and other moneys due the State; transactional,
99		-	technological, consultant, legal service charges, and other
100		-	operational expenses of the State Treasurer's Office related
101		-	to the investment or safekeeping of funds under the
102		-	Treasurer's control; the provision of banking and automated
103		-	teller machine services at State office buildings, State
104		-	parks, State tourism centers, and State fairs at Springfield
105		-	and DuQuoin; and the cost of paying bondholders and legal
106		-	services under the State's general obligation bond program.
107		-	(Source: P.A. 100-587, eff. 6-4-18.)
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	70	+	1 (d) This Section does not apply to a State office building
	71	+	2 in which a currency exchange or a credit union providing
	72	+	3 financial services located in the building on July 1, 1995
	73	+	4 (the effective date of Public Act 88-640) is operating.
	74	+	5 (e) Notwithstanding any other provision of law to the
	75	+	6 contrary, and in addition to any other transfers that may be
	76	+	7 provided by law, within 30 days of the effective date of this
	77	+	8 amendatory Act of the 103rd General Assembly, or as soon
	78	+	9 thereafter as practicable, the State Comptroller shall direct
	79	+	10 and the State Treasurer shall transfer the remaining balance
	80	+	11 from the Treasurer's Rental Fee Fund into the State
	81	+	12 Treasurer's Bank Services Trust Fund. Upon completion of the
	82	+	13 transfer, the Treasurer's Rental Fee Fund is dissolved, and
	83	+	14 any future deposits due to that Fund and any outstanding
	84	+	15 obligations or liabilities of that Fund shall pass to the
	85	+	16 State Treasurer's Bank Services Trust Fund.
	86	+	17 (Source: P.A. 98-19, eff. 6-10-13.)
	87	+	18 Section 10. The State Finance Act is amended by changing
	88	+	19 Section 5.397 as follows:
	89	+	20 (30 ILCS 105/5.397)
	90	+	21 Sec. 5.397. The Treasurer's Rental Fee Fund. This Fund is
	91	+	22 dissolved upon the transfer of the remaining balance from the
	92	+	23 Treasurer's Rental Fee Fund to the State Treasurer's Bank
	93	+	24 Services Trust Fund as provided under subsection (e) of
	94	+
	95	+
	96	+
	97	+
	98	+
	99	+	SB1835 Enrolled - 3 - LRB103 29725 DTM 56130 b
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	102	+	SB1835 Enrolled- 4 -LRB103 29725 DTM 56130 b SB1835 Enrolled - 4 - LRB103 29725 DTM 56130 b
	103	+	SB1835 Enrolled - 4 - LRB103 29725 DTM 56130 b
	104	+	1 Section 18 of the State Treasurer Act. This Section is
	105	+	2 repealed on January 1, 2025.
	106	+	3 (Source: P.A. 88-640, eff. 7-1-95; 89-235, eff. 8-4-95.)
	107	+	4 Section 15. The State Treasurer's Bank Services Trust Fund
	108	+	5 Act is amended by changing Section 10 as follows:
	109	+	6 (30 ILCS 212/10)
	110	+	7 Sec. 10. Creation of Fund. There is hereby created in the
	111	+	8 State treasury a special fund to be known as the State
	112	+	9 Treasurer's Bank Services Trust Fund. Moneys deposited in the
	113	+	10 Fund shall be used by the State Treasurer to pay the cost of
	114	+	11 the following banking services: processing of payments of
	115	+	12 taxes, fees, and other moneys due the State; transactional,
	116	+	13 technological, consultant, legal service charges, and other
	117	+	14 operational expenses of the State Treasurer's Office related
	118	+	15 to the investment or safekeeping of funds under the
	119	+	16 Treasurer's control; the provision of banking and automated
	120	+	17 teller machine services at State office buildings, State
	121	+	18 parks, State tourism centers, and State fairs at Springfield
	122	+	19 and DuQuoin; and the cost of paying bondholders and legal
	123	+	20 services under the State's general obligation bond program.
	124	+	21 (Source: P.A. 100-587, eff. 6-4-18.)
	125	+
	126	+
	127	+
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	130	+	SB1835 Enrolled - 4 - LRB103 29725 DTM 56130 b